USD/JPY passes below supporting trend line

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


The resistance of the 126.15/126.30 zone was enough to cause a decline, which eventually passed below the trend line, which connects the pair's April low levels. Namely, the trend lie guided the pair up. On Thursday, the rate was looking for support near the 125.20 level, where various technical levels were located.

If the US Dollar starts a recovery against the Japanese Yen, the currency rate would have to pas the resistance of the 125.63/125.76 zone. Higher above, the 126.00 mark, the weekly R2 simple pivot point and the 126.15/126.30 zone are highly likely to stop a surge.

However, a potential decline below the technical levels near 125.20 and the 100-hour simple moving average could look for support in the 125.00 mark. Below 125.00, the 124.50 level and the 200-hour simple moving averages might stop the USD/JPY from plummeting further.
Back to articles

Actual Topics

Thu, 14 Apr 2022 13:48:59 GMT

Gold trades between 1,970.00/1,980.00

Since mid-Tuesday, the price for gold has fluctuated between a support zone at 1,965.70/1,970.00 and resistance at 1,978.50/1,982.00. Meanwhile, the 50-hour simple moving average had caught up to the price. However, the SMA did not provide either support and resistance. If the commodity price reaches above 1,982.00 and continues to surge, it might eventually reach the 2,000.00 mark. Note that round

Thu, 14 Apr 2022 13:07:16 GMT

GBP/USD surge finds resistance in 1.30150

On Wednesday, the GBP/USD eventually broke resistance levels against the US Dollar. By the middle of Thursday's trading hours, the rate had reached and bounced off the resistance of the 1.3150 mark. Afterwards, a decline started, which was heading to the cluster of technical levels at 1.3040/1.3060. The zone was made up of previous high levels, the weekly simple pivot

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.