GBP/USD reaches new May high

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


On Thursday, the GBP/USD rate continued to find support in the 1.2555/1.2560 zone and resistance in the May high level zone at 1.2600/1.2640. At midnight to Friday GMT timezone, the May high level zone failed to hold and the pair surged to the 1.2665 level, which is a new monthly high. However, after reaching the high level, the pair appeared to be retracing back down and looking for support, before continuing the surge.

A resumption of the Pound's recovery against the US Dollar might encounter resistance in the combination of the 1.2700 mark and the weekly R2 simple pivot point at 1.2715, before the pair approaches the 1.2750, 1.2800 and 1.2850 levels. The round levels acted as support and resistance during late April.

On the other hand, a decline below the 1.2600/1.2640 zone and the weekly R1 simple pivot point at 1.2597 could look for support in the 50 and 100-hour simple moving averages near 1.2580 and 1.2560. Further below, the 1.2555/1.2560 range might once again act as support.
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Fri, 27 May 2022 07:27:34 GMT

USD/JPY remains near 127.00

The decline, which was caused by the Governor of the Bank of Japan on Thursday, found support in the 126.55/126.60 range. Afterwards, a recovery to the 127.40 level occurred. On Friday morning, the rate fluctuated around the 127.00 level, as support and resistance was being provided by round exchange rate levels. It appeared that the pair was still looking for

Fri, 27 May 2022 06:47:09 GMT

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