USD/JPY is back above 136.00

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


The support zone, which was revealed on Friday, has been enough to cause a broader recovery of the US Dollar against the Japanese Yen. By the start of Tuesday's European trading, the currency pair had reached back above the 136.00 mark.

In regards to the near term future, a continuation of the surge of the US Dollar against the Japanese Yen might encounter resistance in the 136.50 mark and the weekly R1 simple pivot point at 136.64, prior to the rate reaching the 137.00 mark.

On the other hand, a potential decline of the currency pair would look for support in the combination of the 50 and 200-hour simple moving average and the weekly simple pivot point near 135.50/135.60. Further below, note the low level zone at 134.75/134.80.
Back to articles

Actual Topics

Tue, 05 Jul 2022 08:55:31 GMT

Gold reveals resistance zone

The price for gold has confirmed that the 1,812.00/1,814.35 zone is acting as resistance. On Tuesday morning, the commodity price bounced off the zone and started a decline, which was aiming at the 1,800.00 mark. If the price reaches below the 1,800.00 mark, the May and July low levels at 1,786.65 and 1,785.00 might once again act as support. However, a bounce

Tue, 05 Jul 2022 07:54:27 GMT

GBP/USD ignores technical levels

Since finding support in the zone near 1.2100 mark during early Monday's trading, the GBP/USD has been ignoring technical levels. Namely, no support and resistance is being found in the 50 and 100-hour simple moving averages, the weekly simple pivot point at 1.2133 and the round exchange rate levels of 1.2100 and 1.2150. On Tuesday morning, the rate appeared to have

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.