USD/JPY trades around 137.00

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Source: Dukascopy Bank SA


Since the middle of Friday's trading, the USD/JPY has been fluctuating around the 137.00 mark in the range between 136.70 and 137.40.

If the pair resumes its surge, it could encounter resistance in the 137.50, 138.00 and the 138.50 levels. In addition, take into account the weekly R1 simple pivot point at 138.55.

On the other hand, a decline of the US Dollar, compared to the Japanese Yen, might find support in the 136.50 level and the 50-hour simple moving average. Further below, note the 136.00 level.
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Mon, 22 Aug 2022 14:09:34 GMT

Gold plummets below support zone

On Monday morning, the price for gold passed below the 1,745.00/1,755.00 zone. By the middle of the day, the rate had reached the 1,730.00 level. If the commodity price continues to decline, the 1,710.00/1,715.00 zone is expected to act as support, prior to the metal reaching the 1,700.00 mark. On the other hand, a potential recovery of the commodity could result

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