USD/JPY recovery encounters resistance

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


With the opening of the US futures market, the USD experienced major demand, which pushed the USD/JPY currency pair up to the combined resistance of the 131.00 mark and the 50-hour simple moving average. However, prior to the recovery the pair had reached the 129.50 level.

A move above the 131.00 mark might encounter resistance in the 131.50 level, prior to approaching the combination of the 132.00 level, the weekly simple pivot point at 132.12 and the 100 and 200-hour simple moving averages.

On the other hand, a decline of the US Dollar might look for support in the December 20 low and the 130.50 level, prior to approaching the 129.50 level. Note that the pair ignored the support of the 130.00 level and weekly S1 simple pivot point at 129.73 during the early hours of Tuesday's trading.
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Tue, 03 Jan 2023 12:17:59 GMT

Gold hits 1,850.00 mark

The price for gold continued to surge, as it eventually managed to break the 1,825.00 mark and the December high level at 1,833.20. On Tuesday morning, the commodity price reached the 1,850.00 mark. However, as the US futures markets opened, major demand for the USD caused a decline of all commodities. By mid-day, the price had retraced to the 1,830.00

Tue, 03 Jan 2023 11:40:36 GMT

GBP/USD drops to 1.1900

The opening of the US futures market caused major demand for the US Dollar, which beat down currency exchange rates. The GBP/USD sharply plummeted to the 1.1900 mark, where it found support. By mid-Tuesday it appeared that the weekly S1 simple pivot point and the 1.1940 level were acting as resistance. A move above 1.1940 might aim at the 1.2000 mark,

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