GBP/USD waits for data

Source: Dukascopy Bank SA


The GBP/USD currency exchange rate remains near 1.2150, as it expects the release of the US Consumer Price Index and the UK GDP data.

A move below the support zone and the 1.2100 level might look for support in the combination of the 100 and 200-hour simple moving averages near 1.2050. Further below, note the 1.2000/1.2025 range and the weekly simple pivot point at 1.2018.

However, a potential recovery of Pound against the US Dollar could encounter resistance in the weekly R1 simple pivot point at 1.2195 and the 1.2200 level. Higher above, note the 1.2250 and 1.2300 levels and the weekly R2 simple pivot point at 1.2303.
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Wed, 11 Jan 2023 11:08:10 GMT

USD/JPY tests resistance zone

During the first half of Wednesday's trading hours, the USD/JPY currency pair was testing the resistance of the 132.45/132.65 zone. A recovery of the US Dollar and move above 132.65 might be slowed down by the 133.00, 133.50 and 134.00 levels, before the resistance zone near 134.50 would be once again reached. In addition, note the weekly R1 simple pivot

Wed, 11 Jan 2023 10:39:17 GMT

EUR/USD remains near 1.0750

The EUR/USD continues to wait for the US Consumer Price Inflation data, as the pair trades almost flat near 1.0750. In the case of the 1.0750 mark holding, the currency pair might look for support in the 1.0700 level and the 50-hour simple moving average. Further below, take into account the combination of the 100 and 200-hour SMAs near

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