USD/JPY reaches above 137.00

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Source: Dukascopy Bank SA


The USD/JPY currency rate's recovery has revealed to have been occurring in a narrow channel up pattern. Meanwhile, the pair has shortly pierced the resistance of the 137.00 mark.

However, ignore technical analysis for now, as today, at 18:00 GMT, the US Federal Reserve will hike their base interest rate. Depending on the size of the hike, the US Dollar is set to either surge or decline. Namely, the top fundamental event of them all is set to occur.

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Wed, 27 Jul 2022 13:09:57 GMT

Gold trades below 1,725.00

During the first half of Wednesday's trading hours, the price for gold fluctuated between the support zone at 1,715.00 and the resistance of the 1,725.00 level. Meanwhile, the commodity price was awaiting the US Federal Reserve rate hike, which was scheduled for 18:00 GMT. In general, the rate decision and the monetary policy statement together with the press conference are set

Wed, 27 Jul 2022 13:02:54 GMT

GBP/USD retraces to support line

On Tuesday, the GBP/USD was highly volatile, as it bounced off the resistance of the weekly R1 simple pivot point at 1.2087 and plummeted down to the support line and the weekly simple pivot point at 1.1975. Afterwards, a sharp recovery followed. By the middle of Wednesday's trading, the exchange rate had reached back up to the weekly R1 at

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