USD/JPY returns to 103.70

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


By the start of Tuesday's US trading hours, the USD/JPY was once again testing the resistance of the 103.70 zone.

In the case of the 103.70 zone being passed the rate would aim at the resistance of the 103.90 level. If the 103.90 mark fails to provide resistance, the next targets would be first the 104.00 level and afterwards the 104.22 level, where the weekly R2 simple pivot point was located at.

On the other hand, if the pair fails to surge, the 55 and 100 hour SMAs together with the weekly simple pivot point could provide support from 103.65 to 103.58. If these levels fail, the 200-hour SMA at 103.50 could be reached.
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Tue, 29 Dec 2020 14:20:38 GMT

Gold forecast remains unchanged

Monday's forecast had not changed, as the metal remained impacted by the same support level of the 200-hour SMA and still faced the resistance zone that surrounds the 1,900.00 level. The metal's price is expected to once again test the resistance of the 1,895.00/1,907.00 zone. In the case of this resistance failing, the pair would find resistance in round price

Tue, 29 Dec 2020 13:09:54 GMT

GBP/USD is kept down by SMA

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