USD/JPY finds support in 108.00

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


The support of the 108.00 level held out during three attempts of the pair to pass it. On Tuesday, the USD/JPY rate surged above the levels near 108.35 and tested the resistance of the 55-hour simple moving average near 108.50.

In the near term future, another test of the support of the 108.00 level was expected to occur, as during the afternoon of Tuesday's GMT trading a decline started.

If the 108.00 level continues to provide support, the rate could trade sideways until the 55 and 100-hour simple moving averages reach the pair from above. On the other hand, a passing of the 108.00 level could result in the pair finding support in the weekly S2 simple pivot point at 107.88.
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Tue, 20 Apr 2021 15:02:10 GMT

Gold retraces down

The resistance of the 1,790.00 level was enough for the metal's price to decline and break the ascending channel up pattern, which has guided the rate since April 14. In addition, the price had passed the support of the 55-hour SMA before finding support in the 1,765.00 level. During the second half of Tuesday's GMT trading hours, the price was expected

Tue, 20 Apr 2021 14:37:57 GMT

GBP/USD reaches above 1.4000

In the aftermath of passing the 1.4000 mark, the GBP/USD found resistance in the 1.4010 level. On Tuesday, a retracement back down was taking place. It was spotted at mid-day that the 1.3950 mark was providing support. If the 1.3950 provides enough support for a renewal of the surge, the pair should test the 1.4000 mark, the mentioned 1.4010 level and

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