USD/JPY tests resistance of 123.00

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


The USD/JPY currency pair has continued to fluctuate almost sideways between the support of the 50, 100 and 200-hour simple moving averages and the 122.50 mark and the resistance of the 123.00 level.

If the rate breaks the resistance of the 123.00 mark and the weekly simple pivot point at 123.01, there would be no resistance as high as the March 29 high levels at 124.20/124.31. However, the 123.50 and 124.00 levels might act as resistance and slow down a surge of the US Dollar against the Japanese Yen.

In the case of a decline, the rate would have to first pass below the 122.50 level. Below the 122.50 mark, the 122.00 and 121.50 levels might act as support, before the 121.20/121.40 low level zone is reached.
Back to articles

Actual Topics

Tue, 05 Apr 2022 10:04:57 GMT

Gold remains in previous range

Since the middle of Monday's trading, the price for gold has been fluctuating around the 1,930.00 mark. In addition, the metal appears to be ignoring the 50, 100 and 200-hour simple moving averages. In general, Monday's forecasts remain actual. If the price for gold surges above the 1,935.00 level, the commodity price could encounter resistance at 1,940.00 and 1,950.00 levels. In

Tue, 05 Apr 2022 09:43:41 GMT

GBP/USD breaks resistance levels

Despite piercing the support of the 1.3100 mark, the GBP/USD did not decline to the support of zone of the last week's low levels at 1.3052/1.3071. Instead, starting from GMT midnight hours to Tuesday, the rate started a surge. By the middle of the day's trading, the rate had broken the resistance of the weekly simple pivot point, the 50,

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.