GBP/USD declines after new high

Source: Dukascopy Bank SA


The GBP/USD was about to hit the 1.2550 mark on Friday, as it started a decline. By mid-day, the rate appeared to be passing below the support of the 1.2500 mark and the 50-hour simple moving average.

Below the 1.2500 mark, support might be found in the 1.2450 level and the 100 and 200-hour simple moving averages near that level. Further below, note the 1.2400 mark and the weekly simple pivot point.

A resumption of the surge of the Pound against the US Dollar might be slowed down by the 1.2500 mark and the 50-hour simple moving average. Higher above note that 1.2550 could once again act as resistance.
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Fri, 14 Apr 2023 11:30:13 GMT

USD/JPY finds support in pivot point

The USD/JPY currency exchange rate has been observed to be finding support in the weekly simple pivot point at 132.17. Meanwhile, the 132.50 level and the 200-hour simple moving average appear to be acting as minor support and resistance. At mid-day on Friday, the pair reached above 132.50. A recovery of the US Dollar against the Yen could be slowed down

Fri, 14 Apr 2023 11:20:18 GMT

EUR/USD continues to surge

The EUR/USD currency pair extended its surge due to the decrease in US Producer Price Inflation, which beat down the value of the USD. By mid-Friday, the pair had reached the weekly R2 simple pivot point at 1.0732. A move higher might encounter resistance in the 1.1100 and 1.1150 levels, prior to testing the weekly R3 simple pivot point at

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