USD/JPY finds support in 127.50

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


The retracement of the USD/JPY currency pair eventually found support in the 127.50 mark. By the start of Thursday's US trading hours, the currency pair had already made an attempt to pass the 128.50 level and revealed a resistance zone above it.

A decline of the US Dollar against the Japanese Yen would most likely look for support in the 128.00 level, the 100-hour simple moving average near 127.65 and the 127.50 mark. Further below, take into account the 127.35 level where the weekly R1 simple pivot point is located at.

Meanwhile, a surge of the pair would have to pass the 128.50 mark, before approaching the 129.34/129.40 zone.
Back to articles

Actual Topics

Thu, 21 Apr 2022 13:47:15 GMT

Gold remains near 1,940.00

Gold continues to find support in the 1,940.00 mark and resistance is provided by the 1,955.00 level and a zone above it. In the near term future, a potential decline of the price for gold might look for support in the 1,940.00, 1,930.00 and 1,920.00 levels, before the 1,900.00 mark is reached. Namely, previous resistance levels could turn into support. On

Thu, 21 Apr 2022 13:23:06 GMT

GBP/USD reveals resistance zone

The GBP/USD currency exchange rate confirmed the 1.3080 level and a zone above it as resistance, during the first half of Thursday's trading. The event was followed with a decline, which by mid-day was looking for support near the 1.3030 level. In the meantime, the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point appeared to

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.