GBP/USD respects round levels

Source: Dukascopy Bank SA


The GBP/USD currency exchange rate has bounced off the support of the 1.2400 mark. Previously, the pair respected resistance of the 1.2500 mark. At mid-day on Wednesday, the pair was heading to the 1.2500 mark.

A move above the 1.2500 mark and the resistance zone at it could be slowed down by the weekly R2 simple pivot point at 1.2542. Higher above, note the 1.2600 mark and the weekly R3 at 1.2610.

However, a decline of the rate might look for support in the 50, 100 and 200-hour simple moving average near 1.2430 and the weekly simple pivot point at 1.2421, before reaching the low level zone at 1.2387/1.2392.
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Wed, 26 Apr 2023 12:00:24 GMT

USD/JPY finds support in pivot point

The decline of the US Dollar against the Japanese Yen has reached the combined support of the weekly S1 simple pivot point at 133.37 and the 133.40 level. Meanwhile, it has been observed that the 133.80 level acts as resistance. A decline below 133.40 might be slowed down by the 133.00 level and the weekly S2 simple pivot point at 132.67.

Wed, 26 Apr 2023 11:40:59 GMT

EUR/USD respects pivot point

The EUR/USD found support in the weekly simple pivot point at 1.0965 The event was followed with a surge of the rate up to the resistance of the 1.1060 level. At mid-day on Wednesday, the rate was testing the resistance level. A move above 1.1060 might be slowed down by the 1.1080 and 1.1100 levels, before approaching the weekly R3

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