USD/JPY reveals pattern

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


It has been spotted that the recovery of the US Dollar against the Yen has occurred in a channel up pattern since July 18. Meanwhile, the rate is being supported by the ascending 50-hour simple moving average.

A continuation of the surge is set to face resistance in the zone at 142.70/143.00. Higher above, note the weekly R1 simple pivot point at 143.24.

On the other hand, a breaking of the pattern and decline below the 50-hour simple moving average could result in the currency exchange rate looking for support in the weekly simple pivot point at 140.46, the 100 and 200-hour simple moving averages near 140.00 and 139.30.
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Mon, 24 Jul 2023 11:23:10 GMT

Gold finds support near 1,960.00

The price for gold has revealed resistance and support zones. Support is found at 1,957.25/1,964.20. Resistance is encountered at 1,984.20/1,987.70. Meanwhile, the price appears to be respecting the 50 and 100-hour simple moving averages. A move above the 50 and 100-hour simple moving averages could result in another test of the 1,984.20/1,987.70 range. Higher above, note that the 2,000.00 mark

Mon, 24 Jul 2023 10:39:33 GMT

GBP/USD passes support zone

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