USD/JPY massively increases volatility

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The USD/JPY has crashed the short and medium term patterns. Namely, it jumped suddenly on Monday when the pair broke the resistance of a medium scale descending pattern. 

The event resulted in a sharp move upwards to the resistance of the most dominant ascending pattern near the 111.20 level. Afterwards, the rate declined down to the 55 and 100-hour SMAs at 110.80.  

In general, from a technical perspective a surge up to the 111.00 mark should occur. However, monitor all fundamental news associated with the pair closely. Another sharp move might be possible.
Back to articles

Actual Topics

Tue, 26 Feb 2019 10:48:30 GMT

Gold pierces support level

On Tuesday, the yellow metal pierced the support of the 200-hour SMA. With that the commodity price was signalling that it will decline. 

Tue, 26 Feb 2019 10:37:27 GMT

GBP/USD tests resistance at 1.3160

The GBP/USD surged, as soon as it passed the resistance of the 1.3100 level. Soon after the event the rate touched the weekly R1 at the 1.3149 level. By the middle of Tuesday's trading the rate was testing a strong resistance cluster at the 1.3160 level. 

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.