USD/JPY encounters resistance at 123.00

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


At mid-day on Friday, the USD/JPY currency pair reached the 123.00 mark, as it was forecast. The 123.00 level acted as resistance and caused a decline, found support in the 100-hour simple moving average. Up to the middle of Monday's trading, the currency exchange rate was trading between the 100-hour simple moving average and the 123.00 mark.

In the meantime, the 50 and 200-hour simple moving averages were approaching the pair from below, near the 122.30 level.

If the US Dollar surges against the Japanese Yen, the pair would have to break the resistance of the 123.00 mark and the weekly simple pivot point at 123.01. Higher above, take into account the 123.50 mark and the late 2015 high level at 123.70, before the 124.00 and 124.50 levels are aimed at.

Meanwhile, a decline is expected to look for support in the 50, 100 and 200-hour simple moving averages near 122.30. Below the moving averages, the 122.00, 121.50 and 121.00 levels might act as support.
Back to articles

Actual Topics

Mon, 04 Apr 2022 13:25:35 GMT

Gold shortly trades below 1,920.00

On Monday morning, the price for gold shortly traded below the 1,920.00 mark, before staring a sudden recovery. Namely, by the middle of the day's trading hours, the price for gold surged and reached the 1,935.00 level. Meanwhile, the commodity mostly ignored the support and resistance of the 50, 100 and 200-hour simple moving averages. If the price for gold surges

Mon, 04 Apr 2022 12:52:23 GMT

GBP/USD reaches below 1.3100

At mid-day on Monday, the GBP/USD currency exchange rate once again reached below the 1.3100 level. In the meantime, it appeared that the pair was ignoring the support and resistance of the weekly simple pivot point at 1.3113 and the 50 and 100-hour simple moving averages at 1.3125. In the near term future, a potential decline of the Pound against the

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.