USD/JPY remains in pattern

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


Despite the volatility caused by the release of the US Consumer Price Index data on Thursday, the USD/JPY currency exchange rate has continued to trade in a channel up pattern. The CPI release resulted in a test of the resistance of the high level zone at 116.25/116.35.

The bounce off from the resistance zone provides another reference point for a more precise marking of the channel up pattern, which has guided the pair throughout February. At mid-day on Friday, the USD/JPY was trading sideways near the 116.00 level, as it was approaching the lower trend line of the channel pattern.

If the lower trend line of the pattern acts as support, the rate would once again test the resistance of the 116.25/116.35 zone, before aiming at the weekly R2 simple pivot point at 116.43 and the 116.50 mark. In addition, note that the trend line could be strengthened by the 50-hour simple moving average.

However, a breaking of the pattern might result in a decline to the support of the weekly R1 simple pivot point at 115.83. Further below, note the resistance zone at 115.67/115.70 and the 100-hour simple moving average near 115.56.
Back to articles

Actual Topics

Fri, 11 Feb 2022 12:29:49 GMT

Gold trades below 1,830.00

The US CPI caused gold price volatility, which occurred in the 1,822.10/1,842.10 range. As the markets calmed down and took in the fundamental news, the price for gold retreated to trade below the 1,830.00 mark. At mid-day on Friday, the commodity price was located between support of the 1,825.00 mark and the 100-hour simple moving average and the resistance of

Fri, 11 Feb 2022 12:13:22 GMT

GBP/USD surges after US CPI release

Just like all USD pairs and assets the GBP/USD was highly volatile during the US Consumer Price Index release. The pair was bouncing around in the 1.3525/1.3645 range after the release. On Friday morning, the currency exchange rate found support in the weekly simple pivot point at 1.3517 and started a surge. By the middle of the day's European trading

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.