GBP/USD remains near previous levels

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


The currency exchange rate has remained below the resistance of the 1.2550 mark. Meanwhile, on Wednesday the pair appeared to have confirmed the 1.2505/1.2510 range as support.

A breaking above 1.2550 could result in the rate testing the resistance of the weekly R1 simple pivot point at 1.2576, before the 1.2600 mark would be reached.

In the meantime, a potential decline of the Pound against the US Dollar is expected to find support in the 1.2505/1.2510 range. Afterwards support is set to be provided by the combination of the 1.2450 level and the 50 and 100-hour simple moving averages. Below these levels, note the 1.2400 mark, the weekly simple pivot point at 1.2386 and the support zone at 1.2373/1.2380.
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Wed, 22 Nov 2023 11:17:47 GMT

USD/JPY reveals support and recovers

The USD/JPY has revealed a support zone at 147.15/147.35. The range has been strong enough to cause a recovery. Bu mid-Wednesday, the rate had reached above 149.00. An extended move above 149.00 could be slowed down by the 149.50 level, before the 150.00 mark is reached. Higher above, note the descending 200-hour simple moving averages and the weekly simple pivot

Wed, 22 Nov 2023 11:05:21 GMT

EUR/USD returns to 1.0900

The reaction to the release of the Federal Reserve Meeting Minutes was minor. Meanwhile, the pair confirmed the 1.0950/1.0965 range as resistance. By mid-Wednesday, the rate had reached the 1.0900 mark and the 100-hour simple moving average, which appeared to be failing to act as support. An extension of the decline could result in the EUR/USD looking for support in

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