GBP/JPY trades above support zone

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


Since early Tuesday's trading hours, the GBP/JPY has been trading between the support zone at 160.08/160.43 and the resistance of the 50-hour simple moving average near 160.80.

A move below the support zone could almost immediately find support in the 160.00 mark. Further below, take into account the weekly S1 simple pivot point at 159.58, the 159.50 and 159.00 levels.

Meanwhile, an upwards move by the Australian Dollar against the US Dollar might be stopped by the 50-hour SMA at 160.80 and the 161.00 mark. Above these levels, there is a resistance zone at 161.50/161.60.
Back to articles

Actual Topics

Wed, 11 May 2022 08:25:59 GMT

USD/CAD breaks ascending pattern

The 1.3050 level acted as resistance on Tuesday to the USD/CAD currency pair. The resistance was enough to force the rate into sideways trading. On Wednesday morning, the rate passed below the lower trend line of the channel up pattern, the 50-hour simple moving average and the 1.3000 mark. A continuation of the decline of the US Dollar against the Loonie

Wed, 11 May 2022 08:02:04 GMT

AUD/USD reveals support and resistance

Prior to the release of the US Consumer Price Index on Wednesday at 12:30 GMT, the AUD/USD currency pair traded sideways. The sideways trading took place from the start of Tuesday up to the middle of Wednesday's trading. Support was being provided by the 0.6910/0.6920 zone and resistance was located at 0.6980/0.6990. If the currency pair passes above the resistance zone

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.