GBP/JPY finds support in moving average

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


The consolidation decline of the GBP/JPY currency pair ended, as the rate reached the 50-hour simple moving average near 159.10. By 11:00 GMT, the simple moving average had pushed the pair through the resistance of the 160.00 mark and the weekly R2 simple pivot point. Next target for the currency exchange rate was the resistance of the 161.00 level.

If the Pound manages to reach above the 161.00 mark against the Japanese Yen, the pair would face no technical resistance as high as the weekly R3 simple pivot point at 162.76. However, it is highly likely that 161.50, 162.00 and 162.50 levels are set to slow down a surge.

In the meantime, a bounce off from the 161.00 level would have to pass the support of the 50-hour simple moving average, the 160.00 mark and the weekly R2 simple pivot point, before approaching the 159.50 and 159.00 levels.
Back to articles

Actual Topics

Thu, 24 Mar 2022 11:12:01 GMT

USD/CAD passes support zone and reveals pattern

On Wednesday, the USD/CAD managed to reach below the support zone of 1.2565/1.2575. However, afterwards the rate did not sharply decline. More in-depth research revealed that the currency pair has been declining in a channel down pattern since March 17. At mid-day on Thursday, the pair was trading between the 1.2560 and 1.2580 level, mostly ignoring technical levels. In regards

Thu, 24 Mar 2022 10:41:34 GMT

AUD/USD shortly trades above 0.7500

During late Wednesday's trading, the AUD/USD currency exchange rate shortly reached above the 0.7500 mark. Afterwards, the pair declined. It was spotted that the decline might have been caused by the upper trend line of a channel up pattern, which captures the pair's last two day surge. By the middle of Thursday's European trading hours, the pair had declined and

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.