GBP/USD trades near 1.2350 after BoE

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


In the aftermath of the Bank of England rate hike, the GBP/USD rate found support in the 1.2277/1.2325 zone. Namely, the 1.2300 level appears to be acting as psychological support. Meanwhile, resistance is found in the weekly S1 simple pivot point at 1.2372 and 1.2380.

A move below the 1.2277 level could result in the pair looking for support in the 1.2250 and 1.2200 levels.

On the other hand, a potential recovery would have to pass the 1.2800 level, before approaching the resistance zone at 1.2413/1.2423. The zone stopped the rate's attempt to recover in the two hours following the Bank of England caused drop of the Pound.
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Fri, 06 May 2022 18:25:10 GMT

USD/JPY trades around 130.50

On Friday, the USD/JPY currency exchange rate returned to trading to levels, where the pair was located before the volatility, which was caused by the Federal Reserve rate hike and following press conference. During the day, the rate had encountered resistance in the 130.70 and 130.80. Meanwhile, support was provided by the previous resistance zone at 130.20/130.50. If the pair continues

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