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The yellow metal's price found resistance in the previous support of the declining wedge pattern at the 1,760.00 level. It was followed by a decline, which on Tuesday found support in the 1,710.00 level. By the middle of the day's European trading, the rate had retraced back up. The recovery of the rate was approaching the 38.20% Fibonacci retracement level at
The surge of the USD/JPY currency exchange rate continues, as on Tuesday morning, the rate was testing the 106.90 level. In the meantime, the 38.20% Fibonacci retracement level at 106.86 not manage to provide resistance. In the meantime, it was spotted that the rate is gradually pushed up by the 55-hour simple moving average. Namely, the rate surges, then consolidates
The GBP/USD has been gradually declining, as it has been pushed down by the 55-hour simple moving average. On Tuesday morning, the rate had reached the support zone of the early February high and late February low level. In the case of the zone being passed, the rate could look for support in the weekly S1 simple pivot point at
Previously, the resistance of the 1.2100 mark held and caused a a decline. On Tuesday morning, the EUR/USD currency exchange rate had reached below the support of the zone near 1.2020 and the weekly S1 simple pivot point. In theory, the pair should now decline to the weekly S2 simple pivot point at 1.1946. If this level gets passed, the
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The yellow metal's price has broken the descending wedge pattern and almost immediately dropped to the 1,720.00 level. However, afterwards a recovery started and on Monday morning, the price was once again located near the 1,760.00 level. In the near term future, the price was expected to reach for the resistance of the 55-hour simple moving average near 1,770.00 and
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On Monday, the USD/JPY traded above the 106.50 mark, which appeared to be providing support to the rate. In the meantime, it has to be taken into account that the rate was supported on Friday by the 55-hour simple moving average, as it pushed the USD/JPY up. In the near term future, the rate was expected to trade sideways until the
On Monday, the GBP/USD currency exchange rate was testing the resistance of the 1.4000 mark. Meanwhile, a cluster of technical resistance levels was located just above the 1.4000 mark. In the case of the 1.4000 mark being passed, the pair could reach for the 55 and 200-hour SMAs and the weekly simple pivot point in the 1.4015 to 1.4025. If
On Monday morning, the EUR/USD currency exchange rate was recovering from the Friday's low level of 1.2065. During the early hours of European trading, the rate was testing the resistance of the 1.2100 mark. If the currency rate manages to pass the resistance of the 1.2100 mark, the pair could reach for the resistance of the weekly simple pivot point
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