GBP/JPY reacts to Bank of England

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


The GBP/JPY experienced a sharp drop on Thursday due to the Bank of England hiking interest rates, but revealing comments that indicated that less monetary tightening could occur in 2022. However, after the drop, the pair started to recover.

On Friday morning, the pair had reached the 156.50 mark. In the meantime, the recent high levels have been marked as a resistance zone.

A passing above the resistance zone at 156.58/156.73 might result in the pair finding resistance at 157.00, 157.50 and 158.00, before reaching the 2021 high level at 158.23.

However, a decline of the pair might look for support int he 156.00 mark and the 50-hour simple moving average. Further below, note the 155.50 level, which stopped the Bank of England caused drop on Thursday.
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Fri, 18 Mar 2022 10:08:01 GMT

USD/CAD decline reaches 1.2600

The decline of the USD/CAD has reached the 1.2600 mark. The round exchange rate level acted as support during Friday's early trading hours. If the pair recovers, it would encounter resistance in the February low level at 1.2640, before approaching the 1.2650 mark and the 1.2650/1.2660 zone. In addition, note the weekly S1 simple pivot point at 1.2661 and the

Fri, 18 Mar 2022 09:21:52 GMT

AUD/USD finds resistance in pivot point

The surge of the AUD/USD passed the resistance of the March 10 high level in a sharp move up, not even testing the resistance zone. Afterwards, the rate revealed the zone's upper border by starting to find support in it. On Friday morning, the rate surged from the 0.7365/0.7372 zone and found resistance in the weekly R1 simple pivot point

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