GBP/JPY resumes surge and reaches new high

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


The retracement down of the GBP/JPY pair ended at the weekly R1 simple pivot point at 162.80. By Wednesday morning, the rate had resumed its surge, and by the middle of the day new high levels were being booked. Namely, the pair reached above the 164.00 mark.

A continuation of the Pound against the Japanese Yen might encounter resistance in the 164.50 mark and the March high level at 164.64. Higher above, note the weekly R3 simple pivot point at 164.87.

On the other hand, a decline of the currency rate might find support in the 163.80 level and the weekly R2 simple pivot point at 163.61. Further below, note the ascending support trend line and the 50-hour simple moving average.
Back to articles

Actual Topics

Wed, 13 Apr 2022 08:53:19 GMT

USD/CAD recovers after US inflation data

At mid-day on Tuesday, the USD/CAD currency pair plummeted due to the released high inflation data. However, by the end of the day the rate had returned to trade near 1.2650. On Wednesday morning, the pair retraced to the support of the 1.2610/1.2620 zone. In the near term future, a potential surge would have to pass the resistance of the

Wed, 13 Apr 2022 08:34:57 GMT

AUD/USD remains above support zone

On Tuesday, the AUD/USD currency pair broke the resistance of the 50 and 100-hour simple moving averages and approached the resistance zone at 0.7490/0.7495. By the middle of Wednesday's trading, the rate had declined to the major support zone at 0.7360/0.7425. A decline into the support zone might find additional support in the 0.7400 mark and the weekly S1 simple pivot

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.