GBP/JPY reveals resistance zone

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


The GBP/JPY currency exchange rate has confirmed that a resistance zone exists at 160.70/161.00. Meanwhile, support is being found in the 159.00 and 158.50 levels.

A surge of the Pound against the Japanese Yen would have to pass above the 160.70/161.00 zone, before testing the resistance of the 161.50 mark and the weekly R1 simple pivot point at 161.88.

Meanwhile, a potential decline of the pair would look for support in the 159.00, 158.50 and 158.00 levels. These levels have acted as support during this week. In addition, take into account that the pair has been ignoring the weekly simple pivot point and the 50, 100 and 200-hour simple moving averages.
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Thu, 26 May 2022 15:03:25 GMT

USD/CAD declines below 1.2800

At mid-day on Thursday, the USD/CAD currency pair declined below the 1.2800 level. The 1.2800 was acting as support to the currency pair, as it made attempts at passing the resistance of the 1.2855/1.2885. If the rate declines, ti might look for support in the 1.2760 and 1.2780 levels, which acted as support during the early part of this week.

Thu, 26 May 2022 13:20:10 GMT

AUD/USD respects round levels

The AUD/USD has traded between the support of the 0.7040 and 0.7060 levels and the resistance of the 0.7100 and 0.7110 levels. A potential decline is set to look for support first in the 0.7060 level and afterwards the 0.7040 mark together with the 200-hour simple moving average. Further below, note the 0.7000 mark and the zone above it. In addition,

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