USD/JPY finds support at 133.50

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


The USD/JPY found support in the 133.50 level on Thursday. Since the event, the pair has been surging. On Monday, the pair had reached above 135.00.

An extension of the ongoing USD move higher would have to break the 100 and 200-hour simple moving averages, the weekly simple pivot point at 135.35 and the 135.50 level. Higher above, note the 136.00 and 137.00 levels.

However, a decline of the USD against the Japanese Yen would look for support in the 50-hour simple moving average and the 134.50 level. Further below, note the 134.00 and 133.50 levels.
Back to articles

Actual Topics

Mon, 08 May 2023 15:24:44 GMT

Gold returns to 2,000.00

The price for gold jumped after the Fed rate hike and touched the 2,080.00 mark. However, the event was followed by a decline on Friday, as markets expected a possible additional banking sector bail out. On Monday, there was no bail out and gold resumed to surge. By mid-day, the price had almost reached back to 2,030.00. The ongoing surge

Mon, 08 May 2023 15:02:14 GMT

GBP/USD reaches a high level

The GBP/USD has surged against the US Dollar above the 1.2660 level. This is the highest level seen since April 2022. A continuation of the surge of the Pound against the US Dollar would encounter resistance in the combination of the 1.2700 mark and the weekly R1 simple pivot point at 1.2706. However, a decline of the pair could look for

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.