GBP/USD continues to decline

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


The GBP/USD declined below 1.2320, but did not reach the 1.2300 mark on Thursday. During the first part of Friday's European trading, the rate had recovered above 1.2360.

An extension of the recovery could face resistance in the weekly S1 simple pivot point at 1.2373 and the descending 100-hour simple moving average. Higher above, note the 1.2400 mark and the 200-hour simple moving average.

On the other hand, a resumption of the ongoing broader decline is expected to look for support near the 1.2300 mark and the weekly S2 simple pivot point at 1.2304. Below these levels, the closest by technical support was the weekly S3 simple pivot point at 1.2218.
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Fri, 26 May 2023 10:04:23 GMT

USD/JPY pierces 140.00 mark

As it was forecast, the USD/JPY has finally reached the 140.00 mark. Moreover, on Thursday, the round exchange rate level was passed and the rate traded above it, before retracing back downwards. On Friday, it appeared that the USD/JPY was looking for support in the 139.50 level and the 50-hour simple moving average. A resumption of the USD surge against

Fri, 26 May 2023 09:47:27 GMT

EUR/USD tests resistance

The EUR/USD has recently moved upwards to the combined resistance of the 50-hour simple moving average and the weekly S1 simple pivot point at 1.0740. A move above 1.0740 is expected to face resistance in the 1.0760 level and the descending 100-hour simple moving average. In the case of these levels failing, the rate's further surge could be slowed down

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