USD/JPY reacts to Bank of Japan

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


The announcements of the Bank of Japan this morning caused a major increase of volatility. The pair surged up to the resistance of the 131.50 level. However, by the middle of the day's European trading hours, the pair had retraced back to 129.00.

The 129.00 level previously acted as resistance and could turn into support. In addition, the round exchange rate level might gain additional strength from the 50 and 100-hour simple moving averages. If the 129.00 level is passed, note that the 128.00 has been impacting the rate during this week. Further below, the 127.22/127.45 zone could once again act as support.

However, a recovery of the US Dollar against the Japanese Yen might be slowed down by the weekly simple pivot point at 129.39, the 130.00 mark and the 200-hour simple moving average near 130.50. However, these levels failed to impact the pair during its fundamental surge in the morning hours of Wednesday.
Back to articles

Actual Topics

Wed, 18 Jan 2023 12:03:00 GMT

Gold shortly reaches below 1,900.00

The price for gold shortly reached below the 1,900.00 mark on Wednesday morning. The commodity price eventually started a recovery. The recovery of the price for gold could once again test the resistance zone near 1,930.00. However, take into account that the 1,920.00 level has acted as short term resistance. On the other hand, a potential decline of the commodity price would

Wed, 18 Jan 2023 11:51:18 GMT

GBP/USD breaks resistance levels

The GBP/USD currency pair has surged on Wednesday morning. The pair broke the weekly R1 at 1.2288 and soon after easily passed the 1.2300 mark and the weekly R2 simple pivot point at 1.2353. A continuation of the surge could encounter resistance in the 1.2400 and 1.2450 levels, prior to testing the weekly R3 simple pivot point at 1.2457. Note

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.