GBP/JPY recovers to 150.40

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


On Monday the recovery of the GBP/JPY reached the 150.40 level, which appeared to serve as resistance. On Tuesday morning, the pair was making a second attempt at passing the resistance level. In addition, the 150.40 mark was reached by the 50-hour simple moving average.

In the case of a surge above the 150.40 level, the rate could find resistance at the 150.50 mark. Note that the 150.50 mark's resistance is being strengthened by the 200-hour simple moving average. Above these levels, the next resistance was the weekly simple pivot point at 151.00.

On the other hand, a decline of the GBP against the Japanese Yen might look for support in the Monday's low level at 149.54. A further continuation of the decline of the pair might find support in the weekly S1 simple pivot point at 149.36. However, take into account the 2021 low level zone at 148.50/149.35.
Back to articles

Actual Topics

Tue, 21 Dec 2021 08:26:08 GMT

USD/CAD books new high

On Monday, the USD/CAD eventually passed the previous December high level and shortly reached above the 1.2960 level. However, afterwards, the pair retraced back to the 1.2920 mark. It could be clearly observed on Tuesday that the pair is being impacted by the 1.2920, 1.2940 and 1.2960 round exchange rate levels. If the pair resumes its surge, it would most likely

Tue, 21 Dec 2021 07:54:48 GMT

AUD/USD trades sideways

Starting from mid-Monday up to the start of Tuesday's European trading hours, the AUD/USD pair has been trading almost flat between the 0.7100 and 0.7120 levels. However, on Tuesday morning, the pair was approached by the resistance of the 50-hour simple moving average. If the 50-hour simple moving average provides enough resistance for a decline, the rate would most likely look

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.