USD/JPY bounces off January high

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


On Tuesday, the USD/JPY currency exchange rate reached the resistance of the late January high at 115.70. The pair failed to reach above the level and started a decline. Afterwards, a drop occurred, which was stopped by the 50-hour simple moving average. Since early Wednesday's trading hours the pair was being supported by the SMA.

In the meantime, the rate was piercing the support of the channel up pattern, which has guided the rate up throughout February.

If the USD/JPY pair recovers, it would have to once again face the resistance of the high level at 115.70. A move above 115.70 might be stopped by the weekly R1 simple pivot point at 115.83

Meanwhile, a decline below the 50-hour simple moving average near 115.40 could look for support in the 100-hour SMA near 115.20, before reaching the 200-hour SMA and the weekly simple pivot point in the 115.00/115.10 zone.
Back to articles

Actual Topics

Wed, 09 Feb 2022 15:56:26 GMT

Gold reaches and pierces 1,830.00 level

On Tuesday, the price for gold eventually reached the 1,825.00 level and passed it. On Wednesday, the rate had already confirmed the 1,825.00 as support and pierced the resistance of the summer high level zone at 1,830.00. In the case that the commodity price continues to surge, it could find resistance in round price levels until the bullion reaches the resistance

Wed, 09 Feb 2022 15:41:25 GMT

GBP/USD aims at 1.3600 mark

During the early hours of Wednesday's US trading hours, the GBP/USD currency exchange rate had revealed a channel up pattern, which had guided the rate since Friday. However, the pattern was not expected to hold, as the incoming US Consumer Price Index data on Thursday was expected to cause an adjustment of the value of the USD. In the meantime,

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.