GBP/JPY decline aims at 159.00

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


The decline of the GBP/JPY currency pair has passed below all potential support levels in the range from 161.50 down to the 159.50 level. Moreover, the 159.50 mark was shortly pierced on Wednesday morning, before retracing to the 160.00 level.

If the Pound recovers against the Japanese Yen, the currency pair would encounter resistance in the 160.50 and 161.00 levels, prior to approaching the 161.25 level and the 50-hour simple moving average. The 161.25 level has been acting as both support and resistance throughout the previous week.

Meanwhile, a decline below the support of the 200-hour simple moving average near 159.80, the weekly simple pivot point at 159.66 and the 159.50 mark could result in the pair looking for support in the 159.00 and 158.50 levels.
Back to articles

Actual Topics

Wed, 30 Mar 2022 09:46:52 GMT

USD/CAD returns to pre-spike levels

On Wednesday, the USD/CAD recurrence exchange rate traded below the 1.2500 mark, which is where it was located before the 115 base point spike on Monday. If the pair declines, it would look for support in the March low level at 1.2467 and the 2022 low level at 1.2450. However, it was observed that some support was being found in

Wed, 30 Mar 2022 09:10:50 GMT

AUD/USD remains in range

Despite shortly piercing the support zone at 0.7467/0.7474 on Tuesday, the AUD/USD eventually surged. By the middle of Wednesday's trading hours, the currency exchange rate had reached the resistance of the 0.7537/0.7541 levels. If the Australian Dollar surges above the 0.7537/0.7541 zone against the US Dollar, the pair might encounter resistance in the form of the 0.7550 level and the 2021

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.