USD/JPY extends recovery

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


The USD/JPY started a recovery on Friday by finding support at 112.60. By the middle of Tuesday's European trading hours, the currency exchange rate had reached the 113.75 level. Meanwhile, it was spotted that the rate mostly ignored the close by weekly R1 simple pivot point at 113.69 and the 200-hour simple moving average near 113.60.

In the case that the rate declines, it could look for support in the 50-hour simple moving average near 113.30. Below the 50-hour SMA, the 100-hour simple moving average might act as support near 113.20. Further below, note the weekly simple pivot point at 113.11.

On the other hand, a recovery of the US Dollar against the Japanese Yen would most likely encounter resistance at the 113.85/113.95 zone. The zone represents the November 29 and 30 high levels. Above the zone, the 114.00 mark might provide resistance.
Back to articles

Actual Topics

Tue, 07 Dec 2021 13:01:04 GMT

Gold finds resistance in 200-hour SMA

Since the start of Monday's trading, the price for gold has been respecting the 50, 100 and 200-hour simple moving averages. However, the most impact appears to be done by the resistance of the 200-hour simple moving average, which has kept the price down since early Monday's trading. If the resistance of the 200-hour SMA fails, the rate could reach for

Tue, 07 Dec 2021 12:34:12 GMT

GBP/USD finds resistance at 1.3290

On Tuesday morning, the GBP/USD currency exchange rate found resistance at 1.3290. The event was followed up by a decline. By the middle of the day's European trading hours, the pair had reached the 1.3240 level. A continuation of the decline of the GBP against the USD might result in the rate once again testing the support zone at 1.3195/1.3210. The

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.