USD/JPY meets resistance at 113.36

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

The US Dollar has paused its surge against the Japanese Yen. The pause from a technical perspective was caused by the resistance of the weekly R1, which is located at the 113.36 level.

If the level gets passed, the rate is set to gradually surge up to the next technical level, which is the weekly R2 at 113.74.

On the other hand, after a sudden surge upwards, like the one which occurred on Friday, the currency pair has to consolidate its gains or even experience a pullback. If this becomes reality, the rate will trade sideways or even retrace back down to the 113.00 level.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.