GBP/JPY reveals resistance and support

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


The surge of the GBP/JPY encountered the resistance of the 163.80 level, before retracing down and finding support at 163.10. In the meantime, short term support and resistance was being found in the weekly R2 simple pivot point at 163.61.

In the case of the pair surging, it would have to pass the weekly R2 simple pivot point at 163.61, the 163.80 level and the 164.00 mark, before approaching the March high level at 164.64.

Meanwhile, a potential decline of the currency pair might look for support in the 163.10 level and the 163.00 mark. Further below, note the weekly R1 simple pivot point and the 50-hour simple moving average near 162.80.
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Tue, 12 Apr 2022 09:39:22 GMT

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At mid-day on Monday, the USD/CAD broke the resistance zone at 1.2610/1.2620. On Tuesday morning, the currency rate had passed above the 1.2650 mark and the weekly R1 simple pivot point at 1.2654. A continuation of the surge of the US Dollar versus the Canadian Dollar might result in a the pair testing the resistance of the 1.2700 mark. Higher

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