GBP/USD passes resistance levels

Source: Dukascopy Bank SA


The release of the US job openings data caused major USD weakness. On the GBP/USD charts it resulted in the rate breaking all resistance up to the 1.2650 level. On Wednesday morning, the pair was confirming the 1.2620 level as support.

A move below 1.2620 is set to immediately find support in the 50 and 100-hour simple moving averages near 1.2610. Further below, the 1.2600 mark is expected to act as support. Below these levels, take into account the recent low at 1.2563 and the 1.2550 level.

On the other hand, a surge above 1.2650 could be slowed down by the 200-hour simple moving average near 1.2670. Higher above, the 1.2700 level and the weekly R1 simple pivot point at 1.2732 might act as resistance.
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Wed, 30 Aug 2023 09:11:58 GMT

USD/JPY finds support

The decline that was caused by US job openings data eventually found support. On the USD/JPY charts support was found near 145.70. On Wednesday morning, the pair was testing the 146.25/146.55 range's resistance. A surge above 146.55 is expected to test the resistance of the 147.00 mark and the weekly R1 simple pivot point at 147.17. However, both of these

Wed, 30 Aug 2023 08:30:33 GMT

EUR/USD respects pivot point

The surge of the Euro against the US Dollar has encountered resistance in the weekly R1 simple pivot point at 1.0892. During Wednesday's London trading hours, the pair was declining and looking for support. Support could be found by the rate in the 1.0850 mark which is strengthened by the 200-hour simple moving average. In addition, the 50-hour SMA

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