GBP/USD reaches above 1.2250

Source: Dukascopy Bank SA


On Friday morning, the GBP/USD reached above the 1.2250 level, as the recovery of the Pound against the USD continued.

If the 1.2250 level acts as support and causes a surge, the 1.2300 and 1.2350 levels are highly likely to act as resistance, as they stopped the last week's surge.

However, a decline of the Pound against the US Dollar below 1.2250 might be slowed down by the 50 and 100-hour simple moving averages at 1.2180 and 1.2200, before reaching the weekly simple pivot point at 1.2162. In addition, the 200-hour simple moving average and the 1.2150 level could act as support. Further below, the 1.2100 and 1.2050 levels could serve as support.
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Actual Topics

Fri, 09 Dec 2022 08:11:00 GMT

USD/JPY declines below 136.00

On Friday morning, the USD/JPY shortly traded below the weekly simple pivot point at 135.93 and the 136.00 mark. However, by 08:00 GMT the rate had recovered and approached the 136.50 level and the 50, 100 and 200-hour simple moving averages. A resumption of the decline might pass below 136.00 and the weekly simple pivot point at 135.93 and look for

Fri, 09 Dec 2022 07:59:32 GMT

EUR/USD approaches 1.0600

On Friday morning, the EUR/USD step by step continued with its recovery, as by 08:00 GMT the pair was above 1.0580. An extension of the ongoing surge of the Euro against the US Dollar might encounter resistance in the 1.0600 mark and the weekly R1 simple pivot point at 1.0622. Note that the 1.0600 level represents a strong resistance

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