USD/JPY remains below 150.00

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


In the aftermath of another intervention, the USD/JPY pair appears to be steadily declining. Namely, this week the US Dollar is experiencing a broad decline due to the markets expecting the US Federal Reserve to change its policy to be less restrictive.

On Wednesday morning the currency pair had reached and pierced the support of the 147.00 mark. An extension of the ongoing decline might look for support in round exchange rate levels at 146.50, 146.00, 145.50. Eventually, the pair could approach the weekly S1 simple pivot point at 145.19.

Meanwhile, a potential recovery of the US Dollar against the Yen is set to face resistance at 147.50 and 148.00, prior to reaching the weekly simple pivot point at 148.56, the 148.50 level and the 50, 100 and 200-hour simple moving averages.
Back to articles

Actual Topics

Wed, 26 Oct 2022 13:20:06 GMT

Gold touches 1,675.00

As the US Dollar has been experiencing a decline due to the markets thinking that the Federal Reserve would be less restrictive in their monetary policy, the price for gold has surged. On Wednesday morning, the price touched the 1,675.00 level. An extension of the ongoing surge is set to face resistance at 1,678.75/1,683.85, where the early October high level zone

Wed, 26 Oct 2022 13:04:22 GMT

GBP/USD trades above 1.1600

The recovery of the Pound against the US Dollar continues on, as on Wednesday morning the rate reached above the 1.1600 mark. In the near term future, resistance to the surge might be provided by the weekly R2 simple pivot point at 1.1644. However, round levels mostly impact the pair. Note 1.1700, 1.1750 and 1.1800 levels. A potential decline is expected

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.