USD/JPY approaches 143.50 level

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


On Tuesday, the USD/JPY managed to reach above the 142.70/143.10 range and the 100-hour simple moving average. The event was followed by the pair encountering resistance in the combination of the 143.50 level and the weekly R1 simple pivot point.

A move above 143.50 and the weekly R1 simple pivot point at 143.49 could be slowed down by the 144.00 and 144.50 levels. Above these levels, the June high levels are expected to act as resistance at 144.90/145.10.

On the other hand, a decline of the US Dollar against the Japanese Yen is set to look for support in the 142.70/143.10 range and the 100-hour simple moving average near 142.60. Further below, note the combination of the lower trend line of a channel up pattern, the 50-hour simple moving average and the 142.50 mark.
Back to articles

Actual Topics

Tue, 08 Aug 2023 10:41:23 GMT

Gold remains above support

By mid-Tuesday, the situation on gold charts remained unchanged, as the commodity price continued to trade above the 1,930.00/1,932.25 range. A move below 1,930.00 is set to find support at 1,925.00, prior to the commodity price reaching the support range above 1,920.00. On the other hand, a surge of gold's price is expected to face resistance in the combination of the

Tue, 08 Aug 2023 10:30:20 GMT

GBP/USD encounters resistance

The GBP/USD currency pair has encountered resistance in the descending 200-hour simple moving average near 1.2790. The event has resulted in a decline. On Tuesday morning, the pair was heading to the support of the 1.2700 mark. A move below 1.2700 might result in the rate looking for support in the 1.2650 level. This level acted as support on

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.