USD/JPY remains near 200-hour SMA

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


The USD/JPY surged to the November 28 high level zone near the 114.00 mark on Wednesday. The resistance zone was strong enough to cause a decline. By the middle of Thursday's trading, the pair had returned to the support of the 200-hour SMA. Meanwhile, additional support had approached the rate in the form of the 100-hour simple moving average.

A surge of the USD/JPY would highly likely once again test the resistance of the high level zone at 113.88/113.97. However, take into account that the 50-hour simple moving average near 113.60 and the weekly R1 simple pivot point at 113.69 might slow down a move of the US Dollar higher against the Japanese Yen.

Meanwhile, in the case of a decline below the 100 and 200-hour simple moving averages, the rate could reach the support of the weekly simple pivot point at 113.11. Below the pivot point, note the 112.60 level and the zone that surrounds it.
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Thu, 09 Dec 2021 12:40:27 GMT

Gold returns to pattern's borders

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Thu, 09 Dec 2021 12:10:10 GMT

GBP/USD retreats below 1.3200

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