USD/JPY reaches above 110.50

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


On Friday, the USD/JPY currency exchange rate passed the resistance of the 110.40 level, which was strengthened by the weekly R1 simple pivot point. Moreover, the rate reached above the 110.50 mark.

In the near term future, the pair could continue to surge. A surge would most likely reach for the resistance of the weekly R2 simple pivot point at 110.81 before aiming at the 111.00 level.

In the meantime, a bounce off from any of the mentioned resistance levels would be expected to look for support in the 110.40 level and the weekly R1 simple pivot point.
Back to articles

Actual Topics

Fri, 24 Sep 2021 07:35:47 GMT

Gold hits new low level

The yellow metal's price booked a new recent low level on Thursday, as it shortly traded at the 1,738.40 level. However, a recovery followed the piercing of the 1,740.00 mark. On Friday morning, the commodity price was heading higher. The upwards move was expected to find resistance first in the combination of the 55 and 100-hour simple moving averages at 1,765.00

Fri, 24 Sep 2021 07:28:35 GMT

GBP/USD is pushed by 200-hour SMA

On Friday, the GBP/USD currency exchange rate declined. The decline started on Thursday when the Bank of England caused surge ended at the 200-hour simple moving average at the 1.3750 level. If the rate continues to decline, it would most likely look for support in the 55 and 100-hour SMAs and the weekly S1 simple pivot point at 1.3676. Below these

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.