GBP/USD sharp decline approaches 1.3200 level

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


Due to an ongoing run to safety, the value of the US Dollar has surged. As a result of the event, the GBP/USD currency exchange rate has declined. By 16:00 GMT on Friday, the pair was approaching the 1.3200 level.

If the Pound declines against the US Dollar below the 1.3200 mark, the rate might look for support in the December low level zone at 1.3162/1.3175. Below the support zone, the 1.3150 and 1.3100 levels could act as support.

However, a potential recovery of GBP against the USD is not expected to encounter resistance as far as the 1.3275 mark and the 1.3300 level. These levels acted as support during this week. In the meantime, the 1.3250 mark and the weekly S1 simple pivot point at 1.3218 was ignored.
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Fri, 04 Mar 2022 16:19:20 GMT

USD/JPY plummets below 115.00

At mid-day on Friday, the USD/JPY currency exchange rate passed below the combined support of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 115.24/115.29. The rate declined in a sharp drop, which by 16:00 GMT was approaching the support of the weekly S1 simple pivot point at 114.74. The pivot point acted as support

Fri, 04 Mar 2022 15:39:16 GMT

EUR/USD drops and reaches 1.0900

Due to an ongoing run to safety, the markets have rallied the US Dollar to levels not seen since 2020. On the EUR/USD charts it has resulted in a drop below the 1.1000 mark. Moreover, the round level did not even act as support, as by the start of Friday's US trading hours, the rate had reached the 1.0900

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