The British Pound traded with low volatility against the Japanese Yen on Thursday. The GBP/JPY currency pair declined by 46 pips or 0.31% during yesterday's trading session.
The Australian Dollar surged by 50 pips or 0.66% against the US Dollar on Thursday, The currency pair breached the weekly resistance level at 0.7755 during Thursday's trading session.
The common European currency fell by 46 pips or 0.35% against the Japanese Yen on Thursday. The currency pair tested the 130.03 level during Thursday's trading session.
The yellow metal found support in the 1,735.00 level and surged. At mid-day on Thursday, the commodity price was testing the resistance zone, which was located just below the 1,750.00 mark. Note that this is the second attempt being made during this week's trading. In general, the future forecasts still remain upon whether or not the resistance zone holds. In the case
On Thursday, the USD/JPY currency exchange rate passed the support of the 108.80 level. It occurred, as the 55-hour simple moving average approached the rate from above. In the near term future, the rate was expected to decline. A potential decline could find support in the 108.50 level, the 50.00% Fibonacci retracement level at 108.35 and afterwards in the weekly S2
Since Wednesday's early trading hours, the GBP/USD has fluctuated between the 1.3800 mark and the 55-hour simple moving average, which had been pushing the rate up. The situation was expected to end with a squeeze in between the two mentioned levels. In the case of the 55-hour simple moving average pushing the rate through the resistance of the 1.3800 mark, the
The EUR/USD has passed the resistance of the weekly R1 simple pivot point at 1.1974. However, by the middle of European trading hours, the rate had not reached the 1.2000 level. In the near term future, the rate was expected to reach the 1.2000 mark and test its resistance. If the pair passes the 1.2000 mark, the pair could reach for
The US Dollar has declined by 90 pips or 0.71% against the Canadian Dollar since yesterday's trading session. The currency pair breached a support level at 1.2520 on Thursday morning.
The GBP/JPY currency pair has continued to trade sideways since April 8. The British Pound surged by 72 pips or 0.48% against the Japanese Yen during Wednesday's trading session.
The Australian Dollar surged by 101 pips or 1.32% against the US Dollar on Wednesday. The currency pair breached a three-week resistance level at 0.7666 during yesterday's trading session.
The single European currency surged by 50 pips or 0.38% against the Japanese Yen on Wednesday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
The sharp surge of the yellow metal's price ended just before the metal reached the 1,750.00 level. Since the middle of Tuesday's trading, the price was trading sideways between the 100-hour simple moving average and the 1,750.00 level. In the case of the metal passing the resistance of the 1,750.00 level, the pair could test the March high levels above the
The USD/JPY passed the support of the previous April low levels on Tuesday. Moreover, the currency exchange rate passed the support of the weekly S1 simple pivot point at 108.87. The decline ended with the rate finding support in 108.80. By the middle of Wednesday's trading, the rate had reached the resistance of the previous April low levels. If the resistance
The GBP/USD currency exchange rate broke the resistance of the weekly simple pivot point, the 200-hour simple moving average and the resistance zone of the recent April high levels. It resulted in the rate testing the resistance of the 1.3800 mark. On Wednesday, the rate had bounced off the 1.3800 level and was heading to the support of the 55 and
During Tuesday's afternoon, the EUR/USD broke the resistance cluster near the 1.1940 level. By the middle of Wednesday's trading hours, the currency exchange rate had reached the resistance of the weekly R1 simple pivot point at 1.1974. If the rate manages to pass the resistance of the weekly R1 simple pivot point at 1.1974, the EUR/USD would aim first for
During the first half of Tuesday's trading session, the US Dollar surged by 64 pips or 0.51% against the Canadian Dollar. Though, the currency pair erased the earlier gains at the end of the day.
The Great British Pound declined by 92 pips or 0.61% against the Japanese Yen on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The Australian Dollar surged by 60 pips or 0.79% against the US Dollar on Tuesday. A breakout occurred through the upper line of a descending channel pattern during the morning hours of Wednesday.
The EUR/JPY currency pair bounced off a support level formed by the weekly S1 at 129.81 on Tuesday. As a result, the Euro surged by 53 pips or 0.41% against the Yen during yesterday's trading session.
On Tuesday, the yellow metal's price bounced off the support zone of the 1,720.00/1,725.00 levels. As soon as the price managed to pass the short term resistance of the 200-hour simple moving average, the price sharply surged. The surge was expected to possibly stop at the 1,745.00 level, which had previously provided both resistance and support. If the price passes the 1,745.00
On Tuesday, the USD/JPY continued to fluctuate near the 109.50 level. However, the rate traded in a wide range and ignored the 55 and 100-hour simple moving averages. Namely, these indicators could not be used for guidance. In the meantime, the 109.14 level provided the rate with support. Together with the 109.00 level the 109.14 mark make up a newly marked
Since the middle of Monday's trading, the GBP/USD has been fluctuating sideways between the support of the zone near 1.3720 and the 55-hour simple moving average and the resistance of the weekly simple pivot point at 1.3766 and the April 8 and 12 high levels. If the pair manages to break resistance levels and surge higher, it would immediately face the
By the middle of Tuesday's trading hours, the EUR/USD had remained near the 1.1900 level. The rate has been trading between the 1.1920 level and the support zone at 1.1890/1.1870 since Friday. If the rate passes the 1.1920 level, it would most likely test the resistance of the 1.1940 level, where the March 22 high level is providing resistance. In
The US Dollar surged by 38 pips or 0.31% against the Canadian Dollar on Monday. The currency pair breached the 50– and 200– hour SMAs during the London session on Tuesday.