GBP/USD retreats to 1.2300

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


On Tuesday, the GBP/USD failed at reaching above 1.2400. The event was followed by a sharp decline, which by 12:30 GMT had reached below 1.2300 and the 200-hour simple moving average.

An extension of the ongoing decline might find support in the 1.2250 level and the weekly S1 simple pivot point at 1.2230. Afterwards, the 1.2200 level could act a support.

On the other hand, a recovery of the Pound against the USD would face resistance in the weekly simple pivot point at 1.2333 and the combination of the 50 and 100-hour simple moving averages near 1.2370.
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Tue, 24 Jan 2023 13:28:29 GMT

USD/JPY recovers to 130.50

This week, the USD/JPY continued to trade near 130.50. Meanwhile, it was spotted that the currency pair has been ascending in a channel up pattern since January 18. If the US Dollar continues to surge against the Japanese Yen, the currency would face resistance in the 131.00 level and the weekly R1 simple pivot point at 131.62. Higher above, note

Tue, 24 Jan 2023 12:29:15 GMT

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