USD/JPY fails to breach 150.00

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


The 150.00 mark has held, and a decline has occurred. The decline has passed below the 149.50 level and the combination of the 50 and 100-hour simple moving averages. However, it appears that the 149.00 level, despite being pierced, has provided support.

In the near term future, the pair is expected to make another attempt to pass the 150.00 mark and the weekly R1 simple pivot point at 149.99. A move above these levels would result in the rate having no resistance as high as the weekly R2 simple pivot point at 150.88 and the 151.00 mark.

On the other hand, a decline is expected to be slowed down by the 50, 100 and 200-hour simple moving averages and the 149.00 level. Further below, support might be found in the weekly simple pivot point at 148.67, the 148.50 and the 148.00 levels.
Back to articles

Actual Topics

Wed, 16 Oct 2024 14:39:57 GMT

Gold tests all-time-high level

The price for gold has managed to find support in 2,640.00 and the 200-hour simple moving average. The follow-up surge broke the 2,670.00 level, and it resulted in another test of the all-time high levels at 2,685.40. In the meantime, the range that surrounds the 2,670.00 mark has turned into support. A breaking of the all-time-high level is expected to

Wed, 16 Oct 2024 14:17:37 GMT

GBP/USD reacts to UK CPI

The GBP/USD fluctuated sideways and even recovered on Tuesday to the 1.3100 mark. However, on Wednesday morning, the UK CPI was published. Inflation in the United Kingdom is even lower than expected. Monthly inflation measured year-on-year is just 1.7% instead of the expected 1.9%. Moreover, it is a decline from 2.2% in the prior month. In regard to the future, a

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.