GBP/USD does not decline

Source: Dukascopy Bank SA


Despite moving below the 1.2590/1.2610 range, the GBP/USD did not extend the decline. Instead, buying started at 1.2580 and the pair managed to recover. By mid-Monday, the rate was approaching the 1.2650 level and the weekly simple pivot point at 1.2659.

A move above the weekly simple pivot point at 1.2659 could encounter resistance in the 100 and 200-hour simple moving averages and the 1.2700 mark. Higher above, note the weekly R1 simple pivot point at 1.2743.

In the case of a GBP decline against the US Dollar, the rate could look for support in the 1.2620 level and the 50-hour simple moving average, before reaching the 1.2590/1.2610 range. Below this range, the 1.2535/1.2540 zone is expected to act as support.
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Mon, 25 Mar 2024 16:38:52 GMT

USD/JPY remains below 152.00

In general, the situation and the analysis of the rate has not changed since Friday. The USD/JPY remains below the 152.00 mark, which is the 2022 high level. Meanwhile, support is found in the 151.00 and 150.50 levels. In addition, the 50 and 100-hour simple moving averages have been acting as support. A move above 152.00 could encounter resistance in

Mon, 25 Mar 2024 16:18:20 GMT

EUR/USD finds support in 1.0800

As expected, the EUR/USD has reached the 1.0800 mark. The round level acted as support and caused a recovery. By mid-Monday's trading, the rate was above the 50-hour simple moving average and the 1.0840 level. An extension of the ongoing recovery could face resistance in the combination of the 1.0850 level, the weekly simple pivot point at 1.0850 and the

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