USD/JPY reveals descending pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The USD/JPY has revealed a wide descending channel. The event has taken place during the recent sharp waves of volatility caused by fundamental events. 

From one side we have the USD surging due to the announcement that the FED will continue to decrease the USD supply throughout this year. On the other hand, the JPY was gaining value as a safe haven currency as soon as the Pakistani and Indian governments started shooting down each other's planes. 

Meanwhile, a technical cluster of support levels at 110.80 was providing the needed strength for a surge, which could reach 111.00 by the end of the day's trading.
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Actual Topics

Thu, 28 Feb 2019 09:47:53 GMT

Gold charts are updated

On Thursday the charts of the yellow metal were reviewed and trend lines were added. Meanwhile, the rate had finally properly declined below the resistance of the hourly simple moving averages.  

Thu, 28 Feb 2019 09:34:34 GMT

GBP/USD retreats on Thursday

The surge of the GBP/USD had turned into a consolidation on Thursday. Namely, after touching the 1.3350 level the rate slightly declined and afterwards began to trade sideways.

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