GBP/JPY finds support at 166.50

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


The GBP/JPY pair passed below various support levels during Wednesday's trading. Eventually, the rate found support in the 166.50 mark. Afterwards, a recovery ot the weekly R3 simple pivot point at 167.84 occurred. During the middle of Thursday's trading, the rate was located between the 167.00 and 167.50 levels.

A surge of the pair above 167.50 would have to face the resistance of the weekly R3 simple pivot point at 167.84. Higher above, note the zone at 168.33/168.45.

On the other hand, a decline of the Pound versus the Yen is set to look for support in the 167.00 and 166.50 levels, before reaching teh weekly R2 simple pivot point and the 200-hour simple moving average at 166.40.
Back to articles

Actual Topics

Thu, 21 Apr 2022 11:28:06 GMT

USD/CAD drops below 1.2500

On Wednesday, the USD/CAD passed below the 1.2500 mark. During the early hours of Thursday's trading, the pair found support in the 1.2460 level. By the middle of the day, the rate fluctuated between the 1.2460 and 1.2500 levels. If the pair recovers above the 1.2500 mark, the weekly S1 simple pivot point at 1.2527 might act as resistance. Higher above,

Thu, 21 Apr 2022 10:25:03 GMT

AUD/USD adjusts pattern

Recent fluctuations of the AUD/USD currency pair have caused an adjustment of the channel up pattern, which has guided the rate up since Tuesday. Meanwhile, it was spotted on Thursday that the pair has been fluctuating between the support of the weekly simple pivot point at 0.7424 and the resistance of the weekly R1 simple pivot point at 0.7459.

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.