GBP/JPY breaks resistance levels

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


The GBP/JPY currency exchange rate has broken the resistance of the trend line, which guided the rate's last week's decline, and the 50-hour simple moving average. The surge was caused by the 163.00 mark and the 162.75/162.95 zone providing enough support.

An extension of the ongoing surge of the currency pair might encounter resistance in the 164.00 level. Higher above, note the combination of the 164.50 level, the weekly simple pivot point at 164.51 and the 100-hour simple moving average. Above these levels, the 165.00 mark and the 200-hour SMA might stop the Pound against the Yen.

However, a potential resumption of the decline of the GBP/JPY would have to pass the 163.00 mark and the 162.75/162.95 range, before it reaches the 162.50, 162.00 and 161.50 levels that might provide support.
Back to articles

Actual Topics

Mon, 19 Sep 2022 18:25:19 GMT

USD/CAD approaches 1.3350

On Monday, the USD/CAD currency exchange rate was approaching the 1.3350 level. However, it appeared that the 1.3340 level had acted as resistance and the pair declined to look for support in the 50-hour simple moving average near 1.3270. In the case of a continuous surge of the US Dollar against the Canadian Dollar would encounter strong resistance in the 1.3400

Mon, 19 Sep 2022 18:03:47 GMT

AUD/USD trades near 0.6700

On Friday and Monday, the AUD/USD currency pair was finding support in the 0.6670 level and resistance was provided by the 0.6723/0.6733 zone. A surge above the resistance zone might find resistance in the combination of the 200-hour simple moving average and the weekly simple pivot point at 0.6768. Higher above, note that the 0.6800 and 0.6850 levels could act

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.