USD/JPY hits new record

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


The USD/JPY currency exchange rate has continued to surge. On Tuesday morning, the pair was steadily approaching the 142.00 mark. From a technical analysis perspective, the move was caused by the 50-hour simple moving average catching up to the pair and providing support.

A move above the 142.00 mark might encounter resistance in the upper trend line of the channel up pattern. A breaking of the pattern could reach the 142.50 mark and the weekly R2 simple pivot point at 142.74.

However, a decline of the US Dollar against the Japanese Yen is set to look for support in the weekly R1 simple pivot point at 141.44. Further below, note the 141.00 and 140.50 levels.
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Tue, 06 Sep 2022 08:12:16 GMT

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On Tuesday morning, the price for gold shortly reached above the 1,725.00 mark and touched the resistance of the 200-hour simple moving average. The resistance appeared to be enough to force the pair into sideways trading near the 1,720.00 level. A resumption of the recovery of the commodity price would have to pass the combination of the 200-hour SMA and the

Tue, 06 Sep 2022 07:44:00 GMT

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