USD/JPY consolidates gains

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


The USD/JPY started to consolidate after reaching above the 108.50 level. Namely, the rate began to trade sideways between 108.00 and 108.50.

However, on Monday morning, the rate was making another attempt to surge. In the meantime, the resistance zone of 108.55/108.65 that caused the consolidation has been marked on the chart.

If the USD/JPY passes the resistance zone, the pair could reach first for the resistance of the 109.00 level and afterwards the weekly R1 simple pivot point at 109.23. On the other hand, in the case of the resistance holding, the pair could look for support in the 55-hour simple moving average, which was catching up with the rate.
Back to articles

Actual Topics

Mon, 08 Mar 2021 10:24:04 GMT

Gold fails at recovery

The yellow metal ended its sideways trading by surging to the resistance of the 100-hour simple moving average, which held and caused a decline. During the early Monday's trading hours, the rate had reached the support of the 1,690.00 level. If the 1,690.00 provides support once again, the metal's price could make another attempt to pass the resistance of the 100-hour

Mon, 08 Mar 2021 10:02:30 GMT

GBP/USD tests resistance of 1.3870

The February 12 low level of 1.3775 provided the GBP/USD with support even before it was properly reached. The rate reversed its direction at mid-day on Friday. Since then, the rate has been testing the resistance of the 1.3830/1.3870 zone. However, it could be observed that most resistance was provided exactly by the 1.3870 level. In the near term future, the

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.