GBP/JPY breaks resistance line

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


On Wednesday morning, the GBP/JPY passed the resistance of the February high level connecting trend line. In addition, it initially appeared that the 154.50 mark had started to act as support.

A continuation of the surge of the rate might stop at the weekly R2 simple pivot point at 154.89, before approaching the 155.00 mark. Higher above, note the March high level zone at 155.20/155.25.

Meanwhile, a decline would look for support in the 154.50 mark, the 50-hour simple moving average and the weekly R1 simple pivot point at 153.95.

Back to articles

Actual Topics

Wed, 16 Mar 2022 10:39:44 GMT

USD/CAD returns back below 1.2800

The USD/CAD surge on Tuesday ended at the 1.2860 level. Afterwards, a sharp decline started, which by the middle of Wednesday had almost reached the 1.2700 mark. During the decline, the pair shortly paused at the support levels near 1.2780. If the decline of the USD/CAD passes below the 1.2685/1.2700 zone, the rate might look for support in the weekly S1

Wed, 16 Mar 2022 10:10:18 GMT

AUD/USD approaches 0.7250 level

On Wednesday morning, the AUD/USD currency pair passed the resistance of the weekly S1 simple pivot point and the 50-hour simple moving average near 0.7210. By the middle of the day's European trading hours, the pair was approaching the resistance zone at 0.7240/0.7250. If the Australian Dollar bounced off the 0.7240/0.7250 zone against the US Dollar, the pair might first look

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.