GBP/USD reaches above 1.2325

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


Despite being highly volatile, the GBP/USD currency pair continues to move higher. On Tuesday, the pair was piercing the weekly R1 simple pivot point at 1.2325.

The resistance zone at 1.2335/1.2343 could reverse the ongoing surge. Higher above, note the 1.2400 level and the weekly R2 simple pivot point at 1.2423.

Meanwhile, a potential decline of the currency pair could look for support in the combination of the 50 and 100-hour simple moving averages near 1.2270. Afterwards, the weekly simple pivot point at 1.2246 might act as support with the 1.2240 level. Further below, note the 200-hour simple moving average and the 1.2200 mark.
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Tue, 28 Mar 2023 12:44:36 GMT

USD/JPY returns to 130.50

Despite recovering on Monday, the USD/JPY currency pair was observed to have declined and found support in the 130.50 level. A potential recovery is expected to be slowed down by the combination of the 131.00 mark, the 50 and 100-hour simple moving averages and the weekly simple pivot point at 131.11. Higher above, in the case of the pair piercing

Tue, 28 Mar 2023 12:24:16 GMT

EUR/USD continues higher

On Tuesday, the EUR/USD continued higher, as it approached 1.0850. An extension of the ongoing decline might encounter resistance in the 1.0850 and 1.0900 levels, prior to testing the combined resistance of the weekly R1 simple pivot point at and the 1.0910/1.0930 range. On the other hand a decline of the Euro against the US Dollar might look for support

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