GBP/JPY reaches above 162.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At mid-day on Wednesday, the GBP/JPY currency pair reached above the 162.00 mark and shortly used the round exchange rate level as support.

If the Pound continues to gain value, compared to the Japanese Yen, the currency pair might encounter resistance in round exchange rate levels as the 162.50, 163.00 and 163.50. Meanwhile, note that the 162.75 level acted as resistance on March 28.

However, a decline of the rate would have to pass below the 162.00 mark, before approaching the 161.50 mark and the weekly simple pivot point at 161.48 together with the 50-hour simple moving average.
Back to articles

Actual Topics

Wed, 06 Apr 2022 14:06:22 GMT

USD/CAD books new 2022 low level

The USD/CAD passed previous March low level and hit the 1.2404 level, before recovering. It appeared that there were enough buy orders just above the 1.2400 mark to cause the recovery. In the aftermath of the touching of the low level, the pair sharply recovered until the pair encountered resistance at 1.2500/1.2510 at mid-day on Wednesday. Meanwhile, support appeared to be

Wed, 06 Apr 2022 13:19:18 GMT

AUD/USD retreats after central bank spike

The surge of the AUD/USD pair, which was caused by the Reserve Bank of Australia, stopped at the 0.7662 level. Afterwards, a decline followed. By the middle of Wednesday's trading, the decline had passed below the weekly R2 simple pivot point at 0.7579 and the 50-hour simple moving average. If the Australian Dollar continues to decline in value against the

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.