GBP/JPY bounces off pivot point

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


On Monday, the GBP/JPY currency exchange rate bounced off the resistance of the weekly R1 simple pivot point at 155.33. Afterwards, a follow up decline found support in the 154.50 mark and the 200-hour simple moving average. Since mid-Monday, the rate has been trading between the 154.50 and 155.00 levels.

If the pair breaks the resistance of the 155.00 mark, it would once again test the resistance of the weekly R1 simple pivot point at 155.33. Above the pivot point, the 155.50 level could act as resistance.

However, a decline below the 154.50 level might look for support in the 200-hour simple moving average near 154.40. Below the SMA, note the weekly simple pivot point at 154.12.
Back to articles

Actual Topics

Tue, 01 Feb 2022 09:49:02 GMT

USD/CAD declines below 1.2700

Eventually, the USD/CAD passed the support of the zone at 1.2713/1.2724, the weekly simple pivot point at 1.2709 and the 1.2700 mark. By the middle of Tuesday's European trading hours, the currency rate had almost reached the 1.2650 level. If the pair declines below the 1.2650 mark, the rate could look for support in the 200-hour simple moving average at 1.2640,

Tue, 01 Feb 2022 09:24:55 GMT

AUD/USD approaches 0.7100

On Tuesday morning, the Australian Dollar was approaching the 0.7100 mark. The move up occurred despite a 36 base point dip in the morning, which was caused by the Reserve Bank of Australia announcing that it would end quantitative easing. If the pair passes the 0.7100 mark, the 200-hour simple moving average might serve as resistance at 0.7120. Above the SMA,

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.