GBP/USD approaches 1.1300

Source: Dukascopy Bank SA


On Monday, the GBP/USD pair was approaching the 1.1300 mark, as the recovery of the Pound against the US Dollar continued.

However, this round exchange rate level has not impacted the pair during its late September decline. Instead, watch the 1.1350 and 1.1450 levels, which acted as resistance and support during the second part of the month.

On the other hand, a decline of the rate is set to look for support in the 50-hour SMA and the 1.1150 level, Further below, note the 1.1100 and 1.1050 levels, which are expected to be strengthened by the 100 and 200-hour simple moving average.
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Mon, 03 Oct 2022 14:21:56 GMT

USD/JPY reaches above 145.00

On Monday morning, the USD/JPY finally ended trading sideways. The sideways trading ended with the rate breaking the resistance of the 144.70/145.00 zone. The rate shortly tested the weekly R1 simple pivot point at 145.34, before retreating to the combined support of the 50 and 100-hour simple moving averages and the 144.70 level. A move above the 145.00 level might result

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EUR/USD trades around 0.9800

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