USD/JPY respects moving averages

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


The USD/JPY currency pair has revealed that it is respecting the resistance of the 100-hour simple moving average and the support of the 50-hour SMA. On Monday morning, the pair traded near the 133.50 level.

A move above the 100-hour simple moving average and the weekly simple pivot point at 133.57 could be stopped by the combination of the 200-hour SMA and the 134.00 mark. Higher above, note the previous support zone that surrounds the 134.50 level.

Meanwhile, a decline of the US Dollar against the Japanese Yen could find support in the 50-hour simple moving average and the 133.00 mark. Below 133.00, take into account the 132.50 level and the support of the zone around 132.00.
Back to articles

Actual Topics

Mon, 15 Aug 2022 10:50:38 GMT

Gold is below support zone

The price for gold started the week with a decline below the 1,785.00 level and the zone which captures last week's low levels, and the 200-hour simple moving average. By the middle of the day's European trading, the commodity price had reached the 1,775.00 level. A continuation of the decline of the price of gold could find support in the

Mon, 15 Aug 2022 10:10:35 GMT

GBP/USD reveals descending channel

The Pound has been losing value, compared to the US Dollar, in a channel down pattern since bouncing off the 1.2250 level on Thursday. Buy the middle of Monday's European trading, the price had reached the 1.2050 level. A move below the 1.2050 level could look for support in the combination of the weekly S1 simple pivot point at 1.0227

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.