USD/JPY reaches 108.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Friday morning London trading hours, the USD/JPY reached below the 108.00 level. The event signaled that the decline of the pair can be expected to continue. In that case the next technical support level should be reached. The next support is the weekly S2 simple pivot point at 107.65 level.  

On the other hand, as the pair has experienced big losses during the week, it could consolidate by piercing the S1 pivot point's resistance at 108.17 and surging to a 38.20% Fibonacci retracement level at 108.44.
Back to articles

Actual Topics

Fri, 03 Jan 2020 11:35:30 GMT

Gold jumps above target

Gold broke the resistance of the 1,525.00 level on Thursday. It resulted in a sharp surge, which reached the target of the 1,544.31, which was expected to be reached only next week.

Fri, 03 Jan 2020 11:22:08 GMT

GBP/USD continues to decline

The GBP/USD has continued to decline. By the middle of Friday's London trading hours, the pair reached the support of the 200-hour simple moving average at 1.3061. In theory, the rate had two possible scenarios. 

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.