GBP/USD reaches below low levels

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Source: Dukascopy Bank SA


The GBP/USD currency pair has passed below the support of the weekly S1 simple pivot point at 1.2174 and the previous week's low level zone at 1.2160/1.2170.

A continuation of the decline of the Pound against the US Dollar might look for support in the 1.2150 and 1.2100 levels, before reaching the weekly S2 simple pivot point at 1.2085.

Meanwhile, a potential surge above the resistance levels at 1.2160/1.2174 could encounter some resistance in the 1.2200 mark, before reaching the cluster of technical levels at 1.2250.
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Wed, 29 Jun 2022 13:42:38 GMT

USD/JPY approaches 137.00

At mid-day on Wednesday, the USD/JPY currency pair reached above the previous June high levels at 136.60/136.70. Next target for the surge could be the 137.00 mark, which might act as resistance. However, a potential retracement back down might look for support in the 136.60/136.70 zone and the weekly R1 simple pivot point at 136.50.

Wed, 29 Jun 2022 13:19:17 GMT

EUR/US reaches below 1.0500

The resistance zone at 1.0600/1.0607 held and the EUR/USD eventually passed below various support levels. During the early hours of Wednesday's trading, the pair had shortly traded below the 1.0500 mark. Meanwhile, resistance was found in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.0542. If the rate passes above

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