USD/JPY reveals pattern

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


The support zone of the 108.75/108.80 level failed, as the USD/JPY clearly passed it on Friday and afterwards began to ignore it.

In the meantime, it was spotted on Monday that the 108.60 level provided the rate with support even as early as Thursday. In addition, a descending trend line was added to the chart. The trend line has kept the rate down since the middle of Thursday's GMT trading hours.

In the near term future, the rate was expected to continue to trade between the support of the 108.60 level and the mentioned resistance line. However, both of these levels could be passed.

In the case of the resistance line failing to keep the rate down, the pair could encounter resistance in the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 108.90/109.00 range. On the other hand, the passing of the support of the 108.60 level and the weekly S1 simple pivot point at 108.58 could result in a decline to the 50.00% Fibonacci retracement level at 108.35.
Back to articles

Actual Topics

Mon, 22 Mar 2021 13:27:31 GMT

Gold finds resistance above 1,745.00

The yellow metal's surge, which was started by the support of the 200-hour SMA on Thursday, eventually found resistance. Namely, the 1,745.50/1,747.40 zone provided resistance. By the middle of Monday's trading, the commodity price had retraced down to the support 200-hour simple moving average. If the SMA manages to once again cause a surge, the price could again test the resistance

Mon, 22 Mar 2021 12:46:31 GMT

GBP/USD passes support of 1.3900

The support of the 1.3900 level eventually failed to keep the GBP/USD up on Friday. After the support failed, the rate began a decline, which found support in the 1.3820 level. A new support zone of this level and the March 16 low level has been drawn. In addition, a channel down pattern has been spotted. The pattern captures the

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.