USD/JPY breaks pattern

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


The surge of the US Dollar against the Japanese Yen has escalated. Namely, the pair has broken the channel up pattern to the upside and by mid-Wednesday the rate was already at 145.00.

A continuation of the surge could encounter resistance only in round levels. The pair has broken all known technical resistance.

On the other hand, it can be observed that the technical levels were acting as support. Note the weekly R3 simple pivot point at 144.75, the weekly R2 at 142.74 and the approaching hourly moving averages below 142.50.
Back to articles

Actual Topics

Wed, 07 Sep 2022 13:44:09 GMT

Gold trades below 1,700.00

The price for gold has once again retreated below the 1,700.00 mark. Meanwhile, by the middle of Wednesday's trading, it was spotted that support is being found in the 1,688.65/1,692.90 zone. However, resistance appeared to be provided by the 50 and 100-hour simple moving averages. A move of the price below the 1,688.65/1,692.90 zone could result in the price reaching the

Wed, 07 Sep 2022 13:16:31 GMT

GBP/USD reaches below 1.1450

At mid-day on Wednesday, the GBP/USD currency pair reached below the 1.1450 level and approached the support of the weekly S1 simple pivot point at 1.1411. A move below the weekly S1 at 1.1411 is expected to almost immediately pause at the 1.1400 mark. Further below, take into account the 1.1350 level and the weekly S2 simple pivot point at 1.1321. However,

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.