USD/JPY surge finds resistance

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


On Friday morning, the USD/JPY currency pair found resistance in the 115.70 mark. The pair kept testing the resistance of this level until the US Dollar suddenly experienced an all out drop at 14:00 GMT. By the time of writing, the reason was unclear. Meanwhile, it was spotted that there was a support zone at 115.16/115.18.

If the decline of the USD/JPY passes below the support zone at 115.16/115.18, the rate could look for support in the 50-hour simple moving average near 115.05 and the 115.00 level. Below these levels, the most close by support was the weekly R1 simple pivot point at 114.65.

However, a resumption of the surge of the US Dollar against the Japanese Dollar would need to pass the weekly R2 simple pivot point at 115.58 and the 115.70 mark, before aiming at the 116.00 level and the weekly R3 simple pivot point at 116.10.
Back to articles

Actual Topics

Fri, 28 Jan 2022 14:18:27 GMT

Gold extends decline

The decline of the yellow metal has reached below the 1,785.00 level. In the meantime, it has been spotted that the decline of the yellow metal's price has been occurring in a narrow channel down pattern. If the bullion continues to decline, it could do so in the borders of the pattern. A potential decline of this kind would

Fri, 28 Jan 2022 13:55:56 GMT

GBP/USD bounces off support zone

Since mid-Thursday, the GBP/USD has been trading above the support of the 1.3360/1.3375 zone. At mid-day on Friday, the pair bounced off the support zone and suddenly surged to the 50-hour simple moving average at 1.3425. A move above the 50-hour simple moving average could find resistance in the combination of the weekly S2 simple pivot point and the 100-hour

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.