USD/JPY drops below 143.00

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


The USD/JPY decline continues. On July 7, the pair passed below the 143.00 level, signalling that the decline of the US Dollar is set to continue. The rate was expected to soon reach the support zone at 142.70/142.80.

A decline below 142.70 is expected to find support in round exchange rate levels like 142.50 and 142.00. In general, this rate has been mostly guided by round levels not technical indicators like the simple moving averages and the weekly simple pivot points. Note that the .50 decimal levels have less impact that .00 levels.

In the case of a surge, same rules apply. Round levels are most likely going to impact the rate's movements. Most strongest resistance is being provided by the 145.00 mark.
Back to articles

Actual Topics

Fri, 07 Jul 2023 09:39:54 GMT

Gold pattern is spotted

The price for gold has been spotted to have moved in a descending channel pattern since the start of June. Meanwhile round price levels continue to impact the metal's movements. A continuation of the ongoing decline of the metal's price is expected to find support in the 1,910.00, 1,905.00 levels and most importantly the 1,895.00/1,900.00 range. On a broader scale,

Fri, 07 Jul 2023 08:58:55 GMT

GBP/USD trades in channel

The GBP/USD currency pair has revealed that in the first part of July it has been surging in a channel up pattern. Meanwhile, it has been observed that the 50, 100 and 200-hour simple moving averages are quite often managing to impact the rate's direction. A continuation of the surge in the pattern might be slowed down by weekly simple

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.