GBP/USD remains near 1.2450

Source: Dukascopy Bank SA


The GBP/USD continues to trade in the range, which was established after the UK CPI release. Resistance is located at 1.2468/1.2474 and support is at 1.2393/1.2405.

A move above 1.2475 could be stopped by the 1.2500 mark and the weekly R1 simple pivot point at 1.2523. Higher above, note the April high level at 1.2546.

However, a decline would have to pass below 1.2390, before approaching the support zone at 1.2345/1.2355.
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Thu, 20 Apr 2023 14:47:29 GMT

USD/JPY retreats to 134.00

The USD/JPY made two attempts to reach above 135.00, before a decline stared at mid-day on Thursday. The decline reached the support zone near 134.00. A move below the support zone near 134.00 might look for support in the 200-hour simple moving average near 133.70. Further below, note the 133.50 level and the weekly simple pivot point at 133.20. However, a resumption

Thu, 20 Apr 2023 14:31:24 GMT

EUR/USD pierces resistance

The EUR/USD has been ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, as it has been highly volatile between the 1.0940 mark and the resistance of the 1.0982/1.0984 range. On Thursday afternoon, the pair pierced the resistance zone. An extension of the upwards move might be slowed down by the 1.1000 mark, before

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