The GBP/USD failed to reach the 1.4000 mark. On Thursday, the rate bounced off the resistance of the 1.3983 level. On Friday morning, the rate appeared to be retracing down and looking for support. The currency exchange rate could find support in the 55-hour simple moving average near 1.3920 and the weekly R2 simple pivot point at 1.3919. In addition, support
During the GMT midnight hour to Friday, the EUR/USD approached the resistance of the weekly R3 simple pivot at 1.1897 and the 1.1900 mark. However, the rate reversed its direction on Friday morning and retraced down. An extension of the decline could look for support in the weekly R2 simple pivot point at 1.1864 and the 55-hour simple moving average,
On Wednesday, the Federal Reserve's monetary statement caused a drop, which tested the support zone below the 1,795.00 mark. The support zone held and the yellow metal's price started a surge, which passed the resistance of the 55, 100 and 200-hour simple moving averages and broke the upper trend line of a channel down pattern. By the middle of Thursday's
The USD/JPY managed to pass the resistance cluster that was located from 110.00 to 110.20. The rate managed to do so due to the initial surge that was caused by the US Federal Reserve on Wednesday at 18:00. However, the jump was followed by a decline. On Thursday, the rate had retreated and traded almost sideways below the 110.00 level. In
The GBP/USD currency exchange rate has passed the resistance of the 1.3900 mark and the weekly R2 simple pivot point at 1.3919. The next target for the rate appears to be the 1.4000 level. If the rate reaches and passes the resistance of the 1.4000 mark, the pair, in theory, should reach for the combined resistance of the 1.4050 mark and
Despite an initial sharp drop that was caused by the Federal Reserve on Wednesday, on Thursday, the EUR/USD had recovered and reached above the resistance of the 1.1850 mark. In addition, the rate had passed the resistance of the weekly R2 simple pivot point at 1.1864. In the near term future, the pair could continue to surge and reach for
The support of the 1,795.00 price level held on Tuesday. Afterwards, the bullion surged to the resistance of the 200-hour simple moving average near 1,807.00 On Wednesday, the rate had bounced off the SMA and declined to the 1,800.00 level. If the decline continues, the commodity price would first test the support of the 1,795.00 level. Afterwards, other round price levels
The USD/JPY declined on Tuesday. The decline reached down to the 109.60 level and the weekly S1 simple pivot point at 109.58. Afterwards, a recovery started, which by the middle of Wednesday's trading had reached the resistance of the 110.00 mark. In the case that the rate passes the resistance of the 110.00 level, it would face a cluster of technical
The GBP/USD currency exchange rate managed to pass the resistance of the weekly R1 simple pivot point at 1.3835 due to the support of the 55-hour simple moving average. By the middle of Wednesday's European trading hours, the currency exchange rate had reached the 1.3900 mark. The 1.3900 has been keeping the rate down throughout July. If the rate once again
On Tuesday, the EUR/USD not only managed to pass the resistance of the weekly R1 and the late July high levels, but also reached the 1.1840 level. The 1.1840 provided enough resistance for the rate to decline. On Wednesday morning, the rate's decline found support in the 55-hour simple moving average. In the near term future, the rate was expected
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The 1,810.00 level provided enough resistance for the price of gold to start a decline. On Tuesday morning, the price had reached below the 1,800.00 level and traded between the 1,795.00 and 1,800.00 levels. A potential recovery of the commodity price could find resistance in the 1,800.00 mark, which would be strengthened by the 55 and 100-hour simple moving averages.
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The USD/JPY has revealed that it respects the resistance of the 110.40 level. Meanwhile, support appears to be provided by the 110.10 level and the 100-hour simple moving average. However, on Tuesday morning, the support of the simple moving average was passed. In the case that the rate surges, the rate would have to pass the 110.40 level before encountering the
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The surge, which followed the GBP/USD breaking the channel down pattern and the resistance of the 1.3800 mark, has found resistance. Namely, since the middle of Monday's trading hours, the pair has been fluctuating sideways below the weekly R1 simple pivot point at 1.3835. If the pair breaks the resistance of the pivot point, it could reach for the resistance zone
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The EUR/USD currency exchange rate has reached above the 1.1800 mark. On Tuesday morning, the pair traded in the range between the 1.1800 and 1.1810 levels. In the case of a surge, the pair would most likely face the resistance of the weekly R1 simple pivot point at 1.1819 and the late July high level zone at 1.1821/1.1823. Above
On Monday morning, the yellow metal traded above the 1,800.00 level. Meanwhile, support was being provided by the combination of the 100-hour simple moving average and the 1,805.00 level. Resistance was being found in the 1,810.00 level and the 200-hour simple moving average. If the rate breaks resistance near 1,810.00, the price of the metal could test the upper trend line
The USD/JPY currency exchange rate has broken the channel up pattern, which guided it throughout last week. On Monday morning, the rate found support in the 100-hour simple moving average and appeared to have paused the decline that started in the aftermath of the breaking of the channel up pattern. In the case of a surge, the pair would need to