USD/JPY finds support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The USD/JPY currency exchange rate started Tuesday's trading by finding support in the 100-hour simple moving average and the weekly simple pivot point at 104.21. In the meantime, additional support cloud be provided by the 55 and 200-hour SMAs, which were located near 104.15.

If the combination of the mentioned support levels cause a surge, the rate could reach for the weekly R1 simple pivot point at 104.72. 

On the other hand, the rate has found resistance in the 104.50 level, which might force the USD/JPY into sideways trading.
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Tue, 01 Dec 2020 11:47:46 GMT

Gold breaks pattern

As a new month started, the yellow metal's price ended its decline in the borders of a channel down pattern. The price broke out of the pattern through its upper trend line. Moreover, the resistance of the 55-hour SMA was quickly broken.  

Tue, 01 Dec 2020 11:20:24 GMT

GBP/USD tests resistance zone

The GBP/USD ended trading sideways between the simple moving averages by surging. The surge resulted in two tests of the resistance zone that is located from 1.3380 to 1.3400. The attempts to pass the resistance zone was supported by the 200-hour simple moving average.  

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