Since late Wednesday's trading, the EUR/JPY currency exchange rate was trading near one of the March high levels near 136.84. Meanwhile, on Thursday morning, the 136.50 level was acting as support. If the currency pair surges higher, the 137.00 mark is expected to act as resistance. Higher above, note the weekly R3 simple pivot point at 137.18 and the March high
The recovery of the gold price gradually continues, as on Wednesday the price hit the 1,980.00 mark, which acted as resistance. Meanwhile, it was spotted that the previous resistance zone at 1,965.70/1,970.00 had acted as support. If the commodity price continues to surge, it might eventually reach the 2,000.00 mark. Note that round price levels are set to act as support
The surge of the USD/JPY continues on, as the Japanese Yen continues to extend broad losses. On Wednesday morning, the pair surged and shortly pierced the 126.15 level, where the weekly R2 simple pivot point was located at. Afterwards, a retracement down occurred, which revealed the precise lower border of the support and resistance zone at 125.63/125.76. In the case that
On Wednesday morning, the GBP/USD currency pair shortly reached below the support zone at 1.2980/1.2989. Meanwhile, it appeared that the 1.3020 level and the 50-hour simple moving average acted as resistance. In addition, the 100-hour SMA was approaching from above. In the near term future, the pair might clearly pass below the 1.2980 level and approach the weekly S1 simple
The EUR/USD has passed below the support zone at 1.0840. However, the event did not result in a decline. It was observed throughout Wednesday that the pair was fluctuating in the 1.0815/1.0855 range without a clear future direction. Meanwhile, the 50 and 100-hour simple moving averages were approaching the currency pair from above. In the case of a decline, the
At mid-day on Tuesday, the USD/CAD currency pair plummeted due to the released high inflation data. However, by the end of the day the rate had returned to trade near 1.2650. On Wednesday morning, the pair retraced to the support of the 1.2610/1.2620 zone. In the near term future, a potential surge would have to pass the resistance of the
The retracement down of the GBP/JPY pair ended at the weekly R1 simple pivot point at 162.80. By Wednesday morning, the rate had resumed its surge, and by the middle of the day new high levels were being booked. Namely, the pair reached above the 164.00 mark. A continuation of the Pound against the Japanese Yen might encounter resistance in the
On Tuesday, the AUD/USD currency pair broke the resistance of the 50 and 100-hour simple moving averages and approached the resistance zone at 0.7490/0.7495. By the middle of Wednesday's trading, the rate had declined to the major support zone at 0.7360/0.7425. A decline into the support zone might find additional support in the 0.7400 mark and the weekly S1 simple pivot
The decline of the EUR/JPY currency exchange rate found support in the 100-hour simple moving average near 135.55. By the middle of Wednesday's trading hours, the pair had reached the 136.75 level. A continuation of the surge of the Euro against the Japanese Yen might encounter resistance in the March high levels at 136.84, 137.31 and 137.54. In addition,
At mid-day on Thursday, the yellow metal broke the resistance of the 1,970.00 mark. The event occurred due to the release of the US Consumer Price Index at 12:30 GMT. In the meantime, it was spotted that the rate was respecting the support of the 50-hour simple moving average near 1,950.00. Due to the breaking of the 1,970.00 mark, from a
The USD/JPY was testing a resistance zone at 125.70/125.75, as the US Consumer Price Index data was published and caused a drop below the 125.00 mark. Afterwards, the pair recovered above 125.00. However, the pair encountered resistance in the weekly R1 simple pivot point at 125.22. A move above 125.22, is set to encounter resistance at 125.50, before reaching the 125.70/125.75
Since Monday, the currency pair has been trading between a support zone at 1.2980/1.2989 and resistance at 1.3045/1.3055. In the meantime, additional resistance had approached the rate in the form of the 50-hour simple moving average. At mid-day, the US Consumer Price Index release revealed that the US needs to tighten monetary policy, which caused a drop of
The EUR/USD was declining from the resistance zone at 1.0940 and was approaching the 1.0860 level, as the US Consumer Price Index data was released at 12:30 GMT. The data revealed a 1.2% monthly inflation and signaled that the US Federal Reserve has to immediately tighten US Monetary Policy. The EUR/USD reacted to the news by surging up to
At mid-day on Monday, the USD/CAD broke the resistance zone at 1.2610/1.2620. On Tuesday morning, the currency rate had passed above the 1.2650 mark and the weekly R1 simple pivot point at 1.2654. A continuation of the surge of the US Dollar versus the Canadian Dollar might result in a the pair testing the resistance of the 1.2700 mark. Higher
The surge of the GBP/JPY encountered the resistance of the 163.80 level, before retracing down and finding support at 163.10. In the meantime, short term support and resistance was being found in the weekly R2 simple pivot point at 163.61. In the case of the pair surging, it would have to pass the weekly R2 simple pivot point at 163.61, the
In general, the AUD/UD has continued to steadily decline, as the rate has touched the 0.7400 mark and the 50-hour simple moving average acts as resistance and forces the pair down. In the near term future, the pair might get squeezed into the 0.7400 level by the moving average. Above the 50-hour SMA, the 0.7500 mark might stop a surge. In
The latest surge of the EUR/JPY currency pair encountered resistance in the 137.00 mark. Despite shortly being pierced, the pair started a decline, which retraced down to the 136.20 level. This level acted as support and by mid-Tuesday the rate had recovered to trade around the 136.50 mark. If the pair declines, it would first look for support in the
On Monday, the price for gold surged above the 1,950.00 mark and reached the 1,970.00 level. The 1,970.00 level acted as resistance and caused a retracement back down. By 15:00 GMT, the metal had returned to trade below the 1,950.00 level. If the decline of the commodity price continues, the metal might look for support in the 1,940.00 mark and
In general, the Bank of Japan has revealed that the Japanese economy is doing bad. The news added new fuel to the already ongoing massive decline of the value of the Japanese Yen. On the USD/JPY charts the events resulted in a move above the 125.50 level. During the early hours of Monday's US trading hours, the pair was
Last week, the GBP/USD was finding constant support in the zone that surrounds the 1.3050 mark. On Friday, the rate plummeted below the 1.3050 level and even pierced the 1.3000 level. On Monday, the currency pair was trading between a support zone at 1.2980/1.2989 and resistance at 1.3045/1.3055. If the currency pair decline below the 1.2980 level, support might be
On Monday, the EUR/USD currency pair was testing the last week high level zone at 1.0925/1.0940. If the pair declines, it would look for support in the 1.0880 level and the 50-hour simple moving average. Further below, support is set to be provided by the 1.0840 level, which reversed a two day decline during the end of the last
Since Thursday, the USD/CAD pair has been fluctuating between a support zone at 1.2561/1.2566 and resistance at 1.2610/1.2620. A move below the support zone might result in the pair looking for support in the 100-hour simple moving average near 1.2550 and the 1.2540 level. Further below, take into account the weekly simple pivot point at 1.2528 and the 200-hour simple moving
Due to a fundamental drop of the Japanese Yen on Monday, the GBP/JPY currency exchange rate surged and reached the 163.50 level. By the middle of the day's European trading hours, the pair appeared to be passing above the 163.50 level and the weekly R2 simple pivot point at 163.61. A move above the weekly R2 simple pivot point might encounter
Since the middle of Friday's trading hours, the AUD/USD currency pair has been located above a support zone at 0.7360/0.7425. The major zone acted as both support and resistance during late March. Meanwhile, the resistance of the 50-hour simple moving average was approaching the rate from above. If the Australian Dollar recovers against the US Dollar, the 50-hour simple moving average