USD/JPY finds support in 129.00

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


The decline of the USD/JPY passed one technical support level after another until it reached the 129.00 mark on Thursday morning. The round level acted as support and caused a surge up to the 130.00 level. It was observed that the 130.00 mark was acting as resistance. Namely, the main conclusion was that the round exchange rate levels are set to continue to act as support and resistance.

A move above 130.00 could face resistance in the 130.50 and 131.00 levels. Both of these levels have recently acted as resistance. Higher above, note the weekly R1 simple pivot point at 131.62.

Meanwhile, a decline of the currency pair could look for support in 129.00, 128.50 and 128.00, before the support zone near 127.25/127.50 would be reached.
Back to articles

Actual Topics

Thu, 26 Jan 2023 11:35:29 GMT

Gold almost reaches 1,950.00

At midnight to Thursday GMT time zone, the price for gold almost reached the 1,950.00 mark. However, resistance was encountered and a decline started. By mid-day, the price had reached below 1,935.00. An extension of the downwards retracement might look for support in the 1,930.00 mark and the 100-hour simple moving averages. However, these levels failed to act as support. Further

Thu, 26 Jan 2023 10:59:14 GMT

GBP/USD recovers above 1.2400

The recovery of the Pound against the US Dollar reached above 1.2400 on Thursday. However, the exchange rate did not reach the 1.2435/1.2450 range. A decline of the currency pair could look for support in the 50 and 100-hour simple moving averages near 1.2450/1.2470. Further below, note the 200-hour SMA and the weekly simple pivot point at 1.2333. Further below, note

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.