USD/JPY retreats below 114.00

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


The rate has ended trading between the 114.00 and 114.50 levels by declining below the 114.00 mark. However, the USD/JPY almost immediately stopped at the support of the 100-hour simple moving average at 113.90.

If the 100-hour simple moving average pushes the USD/JPY up, the pair could find resistance first in the 55-hour simple moving average at 114.23. Above this level, the 114.50 zone could once again keep the rate down.

Meanwhile, a decline below the 100-hour SMA might find support in the weekly simple pivot point at 113.64. Below the pivot point, the 200-hour SMA is located near the 113.25 level.
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Tue, 19 Oct 2021 09:33:43 GMT

Gold recovers on Tuesday

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Tue, 19 Oct 2021 08:55:07 GMT

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