USD/JPY passes support ranges

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


As the market started the week's trading, the Yen strengthened during the Asian trading hours. By the time Europe woke up, the move had resulted in the USD/JPY rate reaching below the 145.50 level. However, buying started and by midday the rate was testing the resistance of the 146.00/146.50 range.

If the pair resumes the prior decline, support is expected to be found in round exchange rate levels. However, the 145.00 mark is expected to be the strongest. In addition, note the weekly S2 simple pivot point at 144.40.

Although, a potential breaking of the 146.00/146.50 range might not be followed by a broad recovery due to the combination of resistance levels from 147.00 up to 148.00. In addition, to the resistance of the round levels, in that range there are located the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point.
Back to articles

Actual Topics

Mon, 19 Aug 2024 12:30:10 GMT

Gold manages to breach 2,500.00

The 2,500.00 mark was broken on Friday. However, the event has been followed by a decline of the commodity price. Moreover, the decline has reached below 2,500.00. An extension of the downwards move of the price is expected to look for support in the 2,477.00/2,484.00 range and the ascending 50 and 100-houe simple moving averages. A resumption of the surge is

Mon, 19 Aug 2024 12:15:47 GMT

GBP/USD faces pattern's resistance

The surge of the GBP/USD currency pair has continued, as the pair has reached the upper trend line of the channel up pattern. On Monday, the pattern's trend line was pierced. However, after the event, the pair returned to the 1.2950 level. A continuation of the surge would have to break the channel's trend line, before approaching the resistance of the

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.