GBP/USD decline increases volatility

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


Announcements made by the Bank of England to pension funds and the broader markets increased the Pounds volatility. On the GBP/USD charts the result was a surge up to 1.1175/1.1180 and a follow up decline down to 1.0920/1.0935. On Wednesday morning, the currency pair had recovered to the combined resistance of the 1.1050 level and the 50-hour simple moving average.

A decline of the Pound against the US Dollar might look for support in the 1.0950 mark, the weekly S1 simple pivot point at 1.0934 and the low level zone at 1.0920/1.0935. Further below, note the 1.0900, 1.0850 and 1.0800 levels.

On the other hand, a recovery of the currency exchange rate would have to break the 1.1050 level, before approaching the 1.1100 mark and the 100-hour simple moving average. Higher above, take into account the 1.1150 level, the 1.1175/1.1180 zone and the 200-hour SMA near 1.1200.
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Wed, 12 Oct 2022 09:22:44 GMT

USD/JPY reaches new high level

The USD/JPY trades above the levels, where the Bank of Japan intervened with a 20 billion USD purchase of the Japanese Yen. The central bank appears to have failed at its attempt to stop the rate from reaching new highs. On Wednesday morning, the currency rate was clearly heading to the 146.50 level. In the meantime, it has been spotted

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