USD/JPY reaches 108.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Friday morning London trading hours, the USD/JPY reached below the 108.00 level. The event signaled that the decline of the pair can be expected to continue. In that case the next technical support level should be reached. The next support is the weekly S2 simple pivot point at 107.65 level.  

On the other hand, as the pair has experienced big losses during the week, it could consolidate by piercing the S1 pivot point's resistance at 108.17 and surging to a 38.20% Fibonacci retracement level at 108.44.
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Actual Topics

Fri, 03 Jan 2020 11:35:30 GMT

Gold jumps above target

Gold broke the resistance of the 1,525.00 level on Thursday. It resulted in a sharp surge, which reached the target of the 1,544.31, which was expected to be reached only next week.

Fri, 03 Jan 2020 11:22:08 GMT

GBP/USD continues to decline

The GBP/USD has continued to decline. By the middle of Friday's London trading hours, the pair reached the support of the 200-hour simple moving average at 1.3061. In theory, the rate had two possible scenarios. 

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