USD/JPY drops to 113.10

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


On Friday, the USD/JPY passed previous low level zones before consolidating by retracing back up to the 113.66 level. On Monday, the decline of the pair resumed, as the pair reached the 113.10 level. In the near term future, the rate was highly likely set to reach the 113.00 mark.

At the 113.00 mark, the pair could not only finds psychological support of a round exchange rate, but also the weekly S1 simple pivot point. In the case that the USD/JPY passes below the 113.00 mark, next support could be found at the 112.58 level, where the weekly S2 simple pivot point was located at.

On the other hand, if the 113.00 level provides enough support for a recovery, the rate could find resistance in the 50-hour simple moving average near 113.60. Above the SMA, the weekly simple pivot point at 113.72 might act as a resistance.
Back to articles

Actual Topics

Mon, 08 Nov 2021 15:43:57 GMT

Gold reaches 1,825.00 level

The price for gold has reached above the resistance of the 1,810.00 mark. By the middle of Monday's trading, the price had reached the 1,825.00 level. Meanwhile, a channel up pattern has been spotted on the pair's hourly candle chart. The pattern has been guiding the price since the November 3 drop. In regards to the near term future, the metal

Mon, 08 Nov 2021 15:23:33 GMT

GBP/USD recovers from September low level

The GBP/USD found enough support in the September low level zone to start a recovery. The recovery first reached the resistance of the 1.3500 mark, which kept the rate down until the middle of Monday's GMT trading hours. During the afternoon, the GBP/USD was surging sharply. By 15:30 GMT, the rate was testing the resistance of the 100-hour simple moving

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.