GBP/JPY surge reaches 161.00 level

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


The surge of the Pound against the Japanese Yen continues, as the Yen is losing ground on all charts. At midnight to Wednesday, the rate reached the 161.00 mark. The pair traded almost flat below the 161.00 level, before retracing back down on Wednesday morning. In general, it is assumed that the rate is consolidating its gains by slightly declining.

In the near term future, the retracement downwards could look for support in the 159.50 and 159.00 levels and the 50-hour simple moving average. Further below, note the weekly R1 simple pivot point at 158.49 and the 158.50 level.

However, a potential surge of the Pound against the Yen is highly likely going to encounter resistance at the 160.00 and 161.00 levels, before booking new high levels.
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Wed, 23 Mar 2022 11:24:40 GMT

USD/CAD remains near support zone

Despite passing above the resistance of the 50-hour simple moving average, the USD/CAD currency exchange rate did not surge. Instead, the pair returned to trade at the support zone of 1.2565/1.2575. Meanwhile, on Wednesday it was spotted that the 50-hour SMA appeared to be once again acting as resistance. A decline of the US Dollar against the Canadian Dollar should pass

Wed, 23 Mar 2022 11:02:36 GMT

AUD/USD ends sideways trading

The AUD/USD currency exchange rate has ended trading sideways and passed above the March high level zone near 0.7440. During the first half of Wednesday's trading hours, the pair was fluctuating almost sideways in the 0.7450/0.7480 range. If the pair surges, it would most likely encounter resistance in the weekly R1 simple pivot point at 0.7497 and the 0.7500 mark.

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