USD/JPY could be pushed up

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


The USD/JPY kept respecting the resistance of the 50-hour simple moving average during early trading of the week. However, the SMA eventually broke and turned into support.

The 50-hour SMA could push the rate up into testing the resistance of the weekly simple pivot point at 143.23, before the rate once again tests the 144.30/145.00 range. In the meantime, note that round exchange rate levels might act as resistance.

If the rate declines below the moving average, the support zone at 142.00 could stop the pair from declining to the 141.00 level.
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Wed, 27 Dec 2023 11:42:31 GMT

Gold faces resistance at 2,070.00

The surge of the price for gold face the resistance of the 2,070.00 level. However, most recently, the 50-hour simple moving average has been pushing the commodity up and could cause a breaking of the resistance. In the case of a surge above 2,070.00, the 2,075.00 and 2,090.00 levels could slow down the commodity price, before the 2,100.00 would be

Wed, 27 Dec 2023 11:07:02 GMT

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