USD/JPY retraces to 142.00

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


The retracement back down by the USD/JPY rate was reaching the 142.00 level on Friday morning. The pair had been declining since encountering resistance in the 145.00 mark.

An extension of the decline below 142.00 might look for support in the weekly R1 simple pivot point at 141.44 and the 200-hour SMA near 141.00. Further below, note the 140.50, 140.00 and 139.50 levels.

On the other hand, a resumption of the US Dollar's surge against the Japanese Yen is expected to find resistance in the 142.50 level and the combination of the 100-hour SMA and the weekly R2 simple pivot point at 142.75. Higher above, take into account the 143.50 level and the 50-hour simple moving average.
Back to articles

Actual Topics

Fri, 09 Sep 2022 09:10:35 GMT

Gold approaches 1,730.00 level

The price for gold has been highly volatile, as it plummeted at mid-day on Thursday due to the ECB rate hike. However, the price found support in the 1,705.00 level and started a recovery. By the middle of Friday's European trading hours, the commodity price had reached the 1,730.00 level. An extension of the price's surge might encounter resistance in

Fri, 09 Sep 2022 08:28:37 GMT

GBP/USD recovers to 1.1650

On Friday, the strength of the US Dollar declined against all other assets. As a result, on the GBP/USD charts a surge up to the 1.1650 occurred. A continuation of the recovery of the Pound against the US Dollar might encounter resistance in the weekly R1 simple pivot point at 1.1675. Higher above, the 1.1700 could slow down a surge,

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.