USD/JPY reveals ascending pattern

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


After almost touching the 122.50 mark, the USD/JPY currency pair started a decline, which shortly reached below the 121.40 mark and the 50-hour simple moving average. However, by the middle of the day's European trading hours, the US Dollar had recovered against the Japanese Yen back above the 122.00 level. Namely, a consolidation of gains to the previous high has occurred.

In the meantime, it was spotted that the surge has been going on in a channel up pattern. In addition, take into account the late 2015 high level at 123.70.

If the currency exchange rate continues to gain, the pair would have to pass the 122.50 mark's resistance,. Afterwards, the rate is expected to find resistance in round exchange rate levels and the upper trend line of the channel up pattern, prior to reaching the late 2015 high level at 123.70.

However, a decline is highly likely going to find support in the 122.00 mark, before approaching the 50-hour simple moving average and the lower trend line of the channel pattern.
Back to articles

Actual Topics

Fri, 25 Mar 2022 14:21:37 GMT

Gold finds resistance at 1,965.00

The breaking of the 1,950.00 level's resistance has resulted in a surge to the 1,965.00 mark, which provided resistance. The following decline eventually reached back to the 1,950.00 level by the middle of Friday's trading. If the commodity price clearly declines below the 1,950.00 mark, support might be found in the 100-hour simple moving average near 1,940.00 and the 200-hour SMA

Fri, 25 Mar 2022 13:58:37 GMT

GBP/USD finds support in SMA

Most recently, the GBP/USD has been fluctuating around the 1.3200 mark. Meanwhile, the pair was by large ignoring the 50 and 100-hour simple moving averages and a March resistance and support zone at 1.3195/1.3210. On Friday morning, the pair declined to the 200-hour simple moving average near 1.3160. Form that level a recovery back up to the 1.3200 level occurred.

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.