USD/JPY decline reaches 132.50

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


The decline of the USD/JPY currency pair eventually reached the 132.50 level. However, on Friday morning, the 132.50 provided enough support to cause a recovery. By the middle of the day's European trading, the pair had almost recovered to the 134.50 mark.

A continuation of the USD/JPY surge could encounter resistance in the 134.75 level, the weekly S1 simple pivot point and the 135.00 mark together with the 50-hour simple moving average. Higher above, note the 135.50 and 136.00 levels and the 100-hour simple moving averages near 135.86.

However, a potential decline of the currency pair is expected to look for support in the weekly S2 simple pivot point at 133.50, prior to once again reaching the 132.50.
Back to articles

Actual Topics

Fri, 29 Jul 2022 13:53:47 GMT

Gold manages to reach above 1,750.00

The price for gold has managed to reach above the resistance zone, which surrounds the 1,750.00 level. On Friday morning, the metal reached above the 1,765.00 level. However, during the afternoon hours, a retracement back down occurred. The retracement down of the commodity price might look for support in the 1,743.85/1,752.60 zone. In addition, note the 50-hour simple moving average

Fri, 29 Jul 2022 13:07:36 GMT

GBP/USD fails to reach 1.2250

As the GBP/USD was approaching the 1.2250 mark on Friday, it suddenly started a sharp decline. By the middle of the day's European trading hours, the pair had reached the 1.2100 level. A continuation of the decline of the 1.2100 mark might look for support in the 100-hour simple moving average near 1.2095 and the weekly R1 simple pivot point at

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.