USD/JPY bounces off 116.00

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


The USD/JPY currency exchange rate's attempt at recovery failed, as it was piercing the 116.00 mark. On Friday, the rate was fluctuating below the 116.00 mark, as the pair was slowly declining.

In the case that the pair extends its decline, support would be most likely provided by the support zone at 115.63/115.66. Below the support zone, the November high zone and weekly R1 simple pivot point, and the 200-hour simple moving average are located at 115.40/115.53

On the other hand, a surge of the US Dollar against the Japanese Yen might once again find resistance in the 116.00 level, before approaching the 116.19/116.24 zone.
Back to articles

Actual Topics

Fri, 07 Jan 2022 14:07:26 GMT

Gold reaches below 1,785.00

On Friday, at 13:30 GMT, the price for Gold increased volatility due to the US monthly employment data showing contradicting information, as less jobs were found, salaries rose and unemployment rate decreased. The price for gold fluctuated between the 1,785.00 and 1,795.00 levels. However, both resistance and support were shortly pierced, indicating at their weakness. After the release, the price for

Fri, 07 Jan 2022 13:55:30 GMT

GBP/USD pierces resistance zone

The release of the US monthly employment data at 13:30 GMT on Friday increased volatility on all pairs and assets that involve the US Dollar. During the volatility, the currency pair pierced the resistance of the 1.3550/1.3560 zone. If the GBP/USD clearly passes above the 1.3560 mark, the rate might find resistance in the weekly R1 simple pivot point at

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.