USD/JPY respects 50-hour SMA

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


The USD/JPY bounced off the resistance zone at 142.05/142.28 on Wednesday morning and declined to the 141.00 level. During the decline, the pair shortly found support in the 50-hour simple moving average. However, after finding support at 141.00, the rate's follow up recovery encountered resistance in the 50-hour simple moving average and the weekly R1 simple pivot point at 141.43.

In the case of the pair surging above the weekly R1 and the 50-hour SMA, the 142.05/142.28 zone might once again stop the USD/JPY. Higher above, take into account the 142.50 level and the weekly R2 simple pivot point at 142.72.

On the other hand, a decline of the US Dollar against the Japanese Yen is expected to look for support in the 141.00 level and the 100-hour simple moving average. Further below, note the 140.65/140.80 zone.
Back to articles

Actual Topics

Wed, 23 Nov 2022 11:47:11 GMT

Gold trades around 1,740.00

Throughout this week, the price for gold has fluctuated between the support of the 1,732.50/1,733.20 zone and resistance at 1,745.30/1,749.60. Meanwhile, for short periods of time the 50-hour simple moving average has managed to impact the price. In the case of a decline below 1,732.50, the price could find support in the 1,730.00 level, which impacted the metal in September. Further

Wed, 23 Nov 2022 10:59:14 GMT

GBP/USD approaches resistance zone

The combination of the 50 and 100-hour simple moving averages together with the weekly simple pivot point failed to hold. The levels were passed and started to act as support. During the first part of Wednesday's European trading hours, the GBP/USD was approaching the resistance zone near 1.1950, as the weekly simple pivot point provided support at 1.1876. If the Pound

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.