USD/JPY recovery aims higher

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


On Wednesday, the USD/JPY surged and managed to reach above 131.50. By the end of the day's European trading hours, the pair had reached above 132.50.

An extension of the ongoing surge could encounter resistance in the 133.00 level and the weekly R1 simple pivot point at 133.46. Higher above, note the 134.00 level and the range around 134.50.

A potential decline of the US Dollar against the Japanese Yen might find support in the combination of the 200-hour SMA near 132.25, the weekly simple pivot point at 132.12 and the 132.00 level. Further below, take into account the 131.50, 131.00 levels and the 50 and 100- moving averages.
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Wed, 04 Jan 2023 19:38:41 GMT

Gold reaches new high

The price for gold has reached above 1,850.00. On Wednesday morning, the pair touched the 1,865.00 level, which acted as resistance and the commodity retraced to look for support in 1,850.00. If the metal's price continues to decline and reaches below 1,850.00, the 50-hour simple moving averages might act as support near 1,840.00. Further below, note the support of the 1,830.00

Wed, 04 Jan 2023 19:29:07 GMT

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