GBP/USD trades below 1.2500

Source: Dukascopy Bank SA


The GBP/USD currency pair has declined below 1.2500, as a broad surge of the US Dollar is occurring. On Monday, the price had recovered after finding support at 1.2445. By the middle of the day's European trading, the rate had returned to the 1.2500 mark.

A move above 1.2500 and the 50-hour simple moving average could face resistance in the weekly simple pivot point at 1.2522. Higher above, note the 100 and 200-hour simple moving averages.

On the other hand, a decline of the Pound against the US Dollar is expected to look for support in 1.2445, before approaching the 1.2400 mark or the weekly S1 simple pivot point at 1.2365.
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Mon, 15 May 2023 11:09:09 GMT

USD/JPY reaches above 136.00

During the early hours of Monday's trading, the USD/JPY currency pair reached above the 136.00 mark and touched the weekly R1 simple pivot point's resistance at 136.34. A move above the weekly R1 simple pivot point at 136.34 might be slowed down by the 136.50 level, before the pair reaches the combination of the weekly R2 at 137.05 and the 137.00

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EUR/USD decline reaches 1.0850

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