GBP/USD passes below 1.2620

Source: Dukascopy Bank SA


Despite initially finding support in the 1.2620 level and afterwards surging up to 1.2725, during the second half of Thursday's trading the GBP/USD rate declined. By 18:00 GMT, the pair had reached below the 1.2620 level's support. At the time of analysis the pair was sharply heading to the 1.2600 mark.

In the case of passing below 1.2600 the rate is expected to reach for the support of the weekly S2 simple pivot point at 1.2540. Further below, take into account the 1.2500 mark.

On the other hand, a recovery of the Pound against the US Dollar is set to face resistance in the weekly S1 at 1.2634 and the combination of the descending 50, 100 and 200-hour simple moving averages near the 1.2700 mark.
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Thu, 24 Aug 2023 18:31:25 GMT

USD/JPY reveals support near 144.60

The USD/JPY currency pair's decline below 145.00 has found support in the 144.60 level. This level held and caused a recovery of the USD/JPY that managed to pierce one resistance after another. By late Thursday's trading hours, the pair had reached the 146.00 level. A move above 146.00 mark could face resistance in the combination of the 146.50 level, 146.30/146.55

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EUR/USD remains above 1.0800

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