The recovery of the Euro against the Japanese Yen has continued, as by the middle of Tuesday's European trading hours, the currency pair had reached the 136.00 mark. A move above the 136.00 mark is set to encounter resistance in the 200-hour simple moving average at 136.20, prior to approaching the 136.50/136.60 zone. The zone acted as support during
On Monday, the price for gold continued to decline, as the commodity price reached the lower trend line of the channel down pattern, which has guided the metal down since April 18. In addition, it was spotted that the price has been in a smaller scale descending pattern since May 5. At mid-day, the price had recovered and appeared to
During the first half of Monday's trading hours, the USD/JPY currency pair made two attempts at passing the resistance zone of the May 10 and 11 low levels at 129.49/129.80. A move above the 129.80 level could encounter resistance in the 130.00 mark, before reaching the 130.50/130.60 zone. Higher above, note the 131.00/131.33 levels. Meanwhile, the 129.80 level is set
At the start of the week's trading, the GBP/USD currency pair reached above the resistance zone at 1.2250/1.2255 and gradually approached the 1.2300 mark. However, on Monday morning, before reaching the 1.2300 level, the price retraced down to the combined support of the 50-hour simple moving average and the 1.2220 level. Afterwards, up to the middle of the day, the
The EUR/USD started the week by surging above a resistance zone at 1.0415/1.0420 and afterwards confirming it as support. In the near term future, a potential continuation of the surge of the Euro against the US Dollar could encounter resistance in the combination of the weekly simple pivot point at 1.0451, the 100-hour simple moving average and the 1.0450
On Friday, the USD/CAD dropped to the support zone at 1.2897/1.2922. On Monday, the rate had shortly recovered to 1.2975, before once again declining to the 1.2897/1.2922 zone. A move below the 1.2897/1.2922 levels could look for support in the 1.2850 mark and the weekly S1 simple pivot point at 1.2842. Below these levels, note the 1.2800 level and the weekly
On Monday, the GBP/JPY currency exchange rate traded between the support of the 157.50 level and the 50-hour simple moving averages and resistance at 159.00/159.25. A move below the 157.50 level could look for support near the 157.00 mark, prior to approaching the last week's low level zone at 155.60/156.00. However, a potential surge might encounter resistance in the weekly simple pivot
At midnight to Monday, the AUD/USD currency pair shortly reached above the weekly simple pivot point at 0.6945 and the 0.6950 level. However, after shortly touching the 0.6960 level, the rate declined back below 0.6900. If the Australian Dollar declines against the US Dollar, the currency pair might look for support in the early Monday's low level at 0.6875, before
Since the start of this week's trading, the EUR/JPY currency exchange rate has been testing the resistance of the 134.28/134.42 zone. Meanwhile, during early Monday's trading, the 134.00 mark acted as support. A decline of the Euro against the Japanese Yen below the 134.00 mark and the 50-hour simple moving average would look for support in the 133.50 level.
At mid-day on Friday, the price for Gold touched the 1,800.00 level, which acted as support and caused a recovery up to 1,820.00. If the metal continued to recover, expect the round levels at 1,820.00 and 1,830.00 to act as resistance. Meanwhile, take into account that short term support and resistance has been and could be provided in the future by
By late Friday's trading hours, the USD/JPY currency pair had recovered and almost reached the 129.50 mark. A move above the 129.50 level could encounter resistance in the technical levels that are spread out from 129.65 up to 130.00. Higher above, the 130.50 level might once again could stop a surge. Meanwhile, a potential decline would look for support in the
Since the middle of Thursday's trading hours, the GBP/USD had been trading between the support of the 1.2155/1.2165 zone and resistance at 1.2250/1.2255. During late Friday's trading, the pair was testing the resistance zone. A bounce off from the resistance might look for support in the 50-hour simple moving average and the 1.2200 level, prior to reaching the 1.2155/1.2165 zone. Below
The decline of the EUR/USD has entered a consolidation. Namely, the pair found support in the 1.0350/1.0355 level and resistance to the sideways trading was provided by the 1.0420 level. A move above the 1.0420 mark might encounter resistance in the 50-hour simple moving average near 1.0430. Higher above note the previous support zone at 1.0472/1.0492, which could act
On Thursday evening, the USD/CAD currency pair shortly reached above the resistance zone at 1.3037/1.3053. This event indicated that the pair could surge higher. Meanwhile, it was spotted that during the day the 50 and 100-hour simple moving averages have acted as support. At mid-day on Friday, the pair was located at the 1.3000 mark, which was strengthened by the
The decline of the GBP/JPY currency pair eventually found support in the 156.00 level and the weekly S3 simple pivot point. However, both levels were pierced and the pair shortly traded at 155.60. Due to that reason a support zone at 155.60/156.00 has been marked. If the rate continues to recover, the pair might encounter resistance in the 158.00 mark, the
The decline of the AUD/USD reached below the 0.6850 mark and found support in the 0.6830 level on Thursday. By the middle of Friday's trading hours, the currency pair had recovered to the 0.6900 level, which acted as resistance. In addition, the 0.6900 level was strengthened by the 50-hour simple moving average. A resumption of the decline of the Australian Dollar
The EUR/JPY decline eventually found support in the 132.65/132.80 zone, on Thursday. During early Friday's trading, the currency exchange rate recovered and reached the April low level zone at 134.28/134.43. A bounce off the 134.28/134.43 zone is expected to look for support in the recently marked 132.65/132.80 zone. Further below take into account that the 132.50 mark acted as support
Since the US Consumer Price Index release volatility decreased, the price for gold has been fluctuating between the 1,850.00 and 1,858.50 level. However, by the middle of Thursday's European trading hours, the price slightly declined, as it reached and found support at 1,845.00. A move below the 1,845.00 level could encounter support in the CPI volatility low level at 1,835.00 and
In the aftermath of the US Consumer Price Index release, risk off sentiment dominated in the markets, which caused a surge of the value of the Japanese Yen against other currencies. By the middle of Thursday's European trading, on the USD//JPY charts it had resulted in a decline to the 128.50 level. In the case that the 128.50 level acts
In the aftermath of the US CPI release volatility, the GBP/USD eventually declined. Moreover, on Thursday morning, the UK Preliminary quarterly GDP was revealed to have increased by 0.80% instead of the expected 1.00%. By the middle of the day's European trading hours, the currency rate had reached below the 1.2200 mark and the weekly S1 simple pivot point
The EUR/USD currency exchange rate eventually declined and on Thursday morning passed below the 1.0500 mark and the support zone at 1.0472/1.0492. By the middle of the day's trading the pair appeared to be heading to the 1.0400 level and the weekly S1 simple pivot point at 1.0397. If the Euro declines against the US Dollar below the 1.0400
The volatility of the US Consumer Price Index confirmed previous high and low level zones as resistance and support. Namely, support is located at 1.2910/1.2925 and resistance is at 1.3037/1.3053. On Thursday morning, the pair was testing the resistance zone. A move above the resistance zone would result in a surge that might encounter resistance in the 1.3100 and 1.3150
The all out market sell off, which started at mid-day on Wednesday due to the US CPI release, also impacted the GBP/JPY rate. Namely, the risk off sentiment caused a surge of the Japanese Yen. On the GBP/JPY charts it resulted in a passing of the support zone at 160.08/160.43. Afterwards, a sharp decline started. By 08:00 GMT, the GBP/JPY
The carnage caused by the US Consumer Price Index release found resistance in the 0.7050 mark and support was still provided by the 0.6910/0.6920. However, as the volatility returned to normal, the pair started a decline. By the start of Thursday's European trading hours, the currency exchange rate had reached below the 0.6900 mark and the weekly S2 simple pivot