GBP/USD respects pivot point

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


On Wednesday morning, the GBP/USD currency pair found support in the weekly S1 simple pivot point at 1.0637. Meanwhile, it appeared that minor resistance was provided by the 50-hour simple moving average near 1.0740.

A decline of the GBP against the US Dollar below the weekly S1 simple pivot point at 1.0637 might look for support in the 1.0600 and 1.0500 levels. Further below, the weekly S2 at 1.0427 could stop the decline, before the rate reaches the 1.0330 level.

However, a recovery of the Pound could result in the pair testing the resistance of the 1.0800 and 1.0900 levels and the 100-hour simple moving average.
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Wed, 28 Sep 2022 08:21:29 GMT

USD/JPY remains at resistance zone

The USD/JPY currency pair remained below the 144.70/145.00 zone up to the middle of Wednesday's European trading. Meanwhile, the support of the 50-hour SMA had caught up with the rate. In general, previous scenarios remained valid. A move above the 145.00 level might result in the rate finding resistance in the 145.50 and 145.75 levels. However, it is currently unclear at

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