USD/JPY shortly trades outside pattern

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


Despite piercing the lower trend line of the channel down pattern, the USD/JPY returned to trade in its borders. Namely, the support zone at 114.96/115.04 acted as support and caused a recovery. By the start of Tuesday's US trading hours, the rate had recovered to the combined resistance of the 100-hour simple moving average, weekly simple pivot point and the upper trend line of the channel down pattern at 115.64/115.68.

A move above the technical resistance levels at 115.64/115.68 would leave the pair with no technical resistance as high as the January high level zone at 116.20/116.35. In addition, the weekly R1 simple pivot point was located in the zone. Above this zone, there is no resistance as high as the weekly R2 simple pivot point at 117.04. However, take into account that the 116.50 and 117.00 levels might act stop a surge.

On the other hand, a decline of the USD/JPY would have to pass the 50 and 200-hour simple moving averages at 115.45 and 115.55 and a resistance and support zone at 115.45/115.50, before aiming at the 114.96/115.04 levels.
Back to articles

Actual Topics

Tue, 11 Jan 2022 15:53:38 GMT

Gold surges to 1,810.00

The price for gold eventually managed to pass the resistance of the 100-hour simple moving average and the 200-hour simple moving average near 1,800.00 and 1,805.00. In the meantime, a minor channel up pattern was spotted. The pattern had been guiding the price up since the start of January 7 trading. If the price for gold continue to surge, the bullion

Tue, 11 Jan 2022 15:07:02 GMT

GBP/USD reaches above 1.3600 mark

On Tuesday, the GBP/USD currency exchange rate managed to pass the resistance of the 1.3600 mark. However, almost immediately resistance was provided by the 1.3620 level. The resistance held and a minor decline occurred. By the start of Tuesday's US trading hours the pair had retraced to the 100-hour simple moving average near 1.3560. If the pair passes below the support

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.