GBP/USD surge is reversed by Fed

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The surge of the GBP/USD was testing the resistance of the 1.3600 mark, as the US Fed Meeting Minutes caused a drop back to the 1.3500 level. By late Thursday trading hours, the rate had recovered and made an attempt to pass the 1.3560 level, before retreating below 1.3550.

In the case of a surge, the pair would have to pass the 1.3550 mark and the 50-hour simple moving average, before approaching the 1.3560 level. Higher above, the weekly R1 simple pivot point at 1.3585 and the 1.3600 mark are likely to provide resistance.

On the other hand, a potential decline could look for support in the 100-hour simple moving average at 1.3520. Below the SMA, the 200-hour simple moving average and the weekly simple pivot point are set to provide support near 1.3490.
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Thu, 06 Jan 2022 18:56:44 GMT

USD/JPY reveals support and resistance

In the aftermath of the Fed Meeting Minute release, the USD/JPY currency exchange rate has revealed a resistance and support zones at 116.19/116.24 and 115.63/115.66 . During late Thursday's trading, the support zone had once again held and the rate was approaching the 50-hour SMA near 115.95 and the 116.00 mark. If the currency pair continues to surge, it would have

Thu, 06 Jan 2022 18:35:46 GMT

EUR/USD ignores technical levels

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