USD/JPY recovery continues

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


The recovery of the US Dollar against the Japanese Yen appears to have encountered resistance in the 144.80 level. After the encounter, the pair retraced and found support near 144.40. In the meantime, it appeared that the 50 and 200-hour simple moving averages had resumed to have an impact on the pair.

A resumption of the US Dollar's surge against the Japanese Yen would have to break above the 145.00 mark, this week's high level zone at 145.20/142.30 and the weekly R1 simple pivot point at 145.34. Higher above, take into account that the Bank of Japan intervened in the market at 145.85/145.90.

On the other hand, a decline of the USD/JPY pair is expected to find support in the 144.50 level and the combination of the 50, 100 and 200-hour simple moving averages. Further below, the weekly simple pivot point at 144.26 might act as support, before the 144.00 level and the Wednesday's low levels are reached.
Back to articles

Actual Topics

Thu, 06 Oct 2022 08:20:47 GMT

Gold finds support in 1,700.00

The decline of gold's price on Wednesday was finding support in the 50-hour simple moving average near 1,705.00. However, the SMA eventually failed and a short lived decline occurred, as the commodity immediately reversed at the 1,700.00 level. By the middle of Thursday's trading, the price recovery was heading to the September highs near 1,730.00. The 1,730.00 level acted as

Thu, 06 Oct 2022 07:49:06 GMT

GBP/USD finds support at 1.1250

The decline of the Pound against the US Dollar eventually found support in the 1.1250 level and the 100-hour simple moving average. The combination was enough to cause a surge, which on Thursday morning encountered resistance in the 50-hour SMA near 1.1380. Meanwhile, the 100-hour SMA had approached the 1.1300 mark. In the near term future, the currency pair was expected

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.