GBP/USD recovers above 1.2400

Source: Dukascopy Bank SA


The recovery of the Pound against the US Dollar reached above 1.2400 on Thursday. However, the exchange rate did not reach the 1.2435/1.2450 range.

A decline of the currency pair could look for support in the 50 and 100-hour simple moving averages near 1.2450/1.2470. Further below, note the 200-hour SMA and the weekly simple pivot point at 1.2333. Further below, note the 1.2260/1.2265 support zone.

On the other hand, a surge of the Pound higher against the USD would face the 1.2435/1.2450 resistance zone. Higher above, note the 1.2500 mark and the weekly R1 simple pivot point.
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Thu, 26 Jan 2023 11:22:17 GMT

USD/JPY finds support in 129.00

The decline of the USD/JPY passed one technical support level after another until it reached the 129.00 mark on Thursday morning. The round level acted as support and caused a surge up to the 130.00 level. It was observed that the 130.00 mark was acting as resistance. Namely, the main conclusion was that the round exchange rate levels are set

Thu, 26 Jan 2023 10:48:45 GMT

EUR/USD tests resistance zone

On Thursday, the EUR/USD approached the 1.0920/1.0925 zone, which once again acted as resistance. The following decline reached the 50-hour simple moving average and the 1.0900 mark. A move below the 50-hour SMA might look for support in the 100-hour simple moving average near 1.0880, Further below note the combination of the 200-hour SMA and the 1.0850 level. Below these

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