USD/JPY remains above 110.50

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


Since Monday's trading hours, the USD/JPY currency exchange rate has been fluctuating above the 110.50 mark. By large, the situation had not changed, as the rate remained between the support cluster near 110.50 and the resistance of the 55 and 100-hour simple moving averages.

In the near term future, the pair was expected to get squeezed in between the resistance and support levels. In theory it should result in a break out either up or down.

If the pair passes the resistance of the 55 and 100-hour simple moving averages, the rate would most likely reach for the last week's high level zone from 111.00 to 111.11.

On the other hand, a possible decline below the support of the weekly simple pivot point, the 200-hour SMA and the last week's low level in the 110.56/110.49 zone could result in a decline to the 110.00 mark. Note that the 110.00 mark was being strengthened by the weekly S1 simple pivot point.
Back to articles

Actual Topics

Tue, 29 Jun 2021 07:43:43 GMT

Gold remains in triangle

The yellow metal has continued to respect the support zone of the previously described descending triangle pattern. However, on Tuesday the 55 and 100-hour simple moving averages near 1,780.00 started to provide resistance. In the meantime, the 200-hour SMA had reached the triangle. The price has been trading between a support zone at 1,770.00/1,775.00 and a descending trend line since June

Tue, 29 Jun 2021 07:14:55 GMT

GBP/USD remains in pattern

The GBP/USD bounced off the combined resistance of the upper trend line of the channel down pattern, the 100 and 200-hour simple moving averages on Monday. On Tuesday, the rate had retreated to the support of the 1.3860 level, which provided support on June 22. In the near term future, the pair was expected to fluctuate sideways until resistance approaches from

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.