USD/JPY declines below 145.50

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


The USD/JPY has passed below the support of the weekly simple pivot point at 145.51 and the 145.50 mark. On Wednesday, it appeared that the pair was confirming the pivot point, round level and the 200-hour simple moving average as resistance.

A resumption of the ongoing decline would most likely soon test the support of the 144.90/145.15 range. Below the zone note the 144.50 level and the weekly S1 simple pivot point at 144.47. Even further below, the 144.00 mark might act as support

On the other hand, a recovery of the US Dollar against the Yen would have to break the upper trend line of a channel down pattern, the weekly simple pivot point and the combination of the 50, 100 and 200-hour simple moving averages. Above all of these levels, the 146.00 level could turn into resistance. In the case of all the technical and round levels failing to act as resistance, the 146.50 level, 146.30/146.55 range and the weekly R1 simple pivot point at 146.38 are highly likely to stop a surge of USD/JPY.
Back to articles

Actual Topics

Wed, 23 Aug 2023 12:52:18 GMT

Gold pierces resistance zone

At mid-day on Wednesday, the price for gold managed to break the resistance of the 1,902.50/1,905.00 range. The move occurred with the support of the 200-hour simple moving average. A previous attempt failed due to the SMA acting as resistance and strengthening the mentioned range. On Wednesday, the SMA moved outside the range and below the price. The target for

Wed, 23 Aug 2023 11:55:24 GMT

GBP/USD plummets below supports

The release of the United Kingdom's Manufacturing and Services sector Purchasing Managers Indices has caused a major decline of the Pound's value. The survey results were expected to be low. However, the actual results were far below the already pessimistic expectations. On August 23, the data caused a decline, which pierced below a cluster of support levels near 1.2740. A

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.