USD/JPY respects support zone

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


The USD/JPY has respected the support of the 133.87/134.00 zone. The zone was strong enough to cause another surge. By mid-Wednesday, the pair had reached and pierced the 135.00 mark.

A proper move above 135.00 could encounter resistance in the weekly R2 simple pivot point at 135.42 and the 135.50 level. Higher above, note the 136.00 mark.

On the other hand, a decline of the US Dollar against the Yen could find support in the weekly R1 simple pivot point at 134.58 and the 134.50 level.
Back to articles

Actual Topics

Wed, 19 Apr 2023 10:09:52 GMT

Gold drops to 1,975.00

The price for gold has bounced off the 2,000.00/2,010.00 range and declined. By the middle of Wednesday's trading, the commodity price has reached the 1,975.00 level. A continuation of the ongoing decline might look for support in the February and January high levels at 1,960.00 and 1,949.00. Meanwhile, any potential recovery is set to face resistance in the 2,000.00/2,010.00 range and

Wed, 19 Apr 2023 09:56:38 GMT

GBP/USD is highly volatile due to fundamentals

The GBP/USD has jumped due to the higher than expected UK inflation data release at 06:00 GMT. Namely, it indicated that the Bank of England has to hike rates even more to stop inflation. However, two hours later, the US St. Louis Federal Reserve President Bullard stated that there is no upcoming recession and the US Fed will continue to

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.