USD/JPY recovers and aims at 123.00

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Source: Dukascopy Bank SA


The support levels at 121.00/121.50 held out for a third time and have caused a surge, which has managed to break the resistance of the 122.50 mark.

In the near term future, the USD/JPY might encounter resistance at 123.00 and the zone at 123.44/123.70.

On the other hand, a potential decline would most likely look for support in the 122.50 level and the 100-hour simple moving average, before dropping to the 122.00 mark. Note that the 122.00 mark is strengthened by the 50 and 200-hour simple moving average.

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Fri, 01 Apr 2022 13:14:02 GMT

Gold fails to pass 1,950.00

The price for gold barely touched the 1,950.00 mark on Thursday, as a decline started. By the middle of Friday's trading, the price had passed the 50, 100 and 200-hour simple moving averages and broken the channel up pattern. At mid-day, the price reached below the 1,925.00 level. If the metal continues to decline, support might be found in the 1,916.50/1,921.65

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GBP/USD breaks pattern

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