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After plummeting to the support of the 103.00 level, the rate began a recovery, which immediately found resistance in the 103.35 level. This level has been impacting the rate since December 24. If the rate passes this resistance level, the pair would aim at the combined resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot
Monday's, December 28, forecast had not changed, as the metal remained impacted by the same support level of the 200-hour SMA and still faced the resistance zone that surrounds the 1,900.00 level. The metal's price is expected to once again test the resistance of the 1,895.00/1,907.00 zone. In the case of this resistance failing, the pair would find resistance in
The rate has approached the resistance zone of the December high levels. In the case of this zone being passed, the GBP/USD could reach for the weekly R1 simple pivot point at 1.3734. However, prior to reaching this level, the rate could face the resistance of the 1.3650 and 1.3700 levels. On the other hand, in the case of the
After breaking all of the resistance near the 1.2260 level at midnight to Wednesday, the rate was heading to the resistance of the 1.2323 level, where the weekly R2 simple pivot point was located. In the case of the pivot point failing to provide resistance, the pair could reach for the weekly R3 at 1.2389 and afterwards, the 1.2400 round
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Monday's forecast had not changed, as the metal remained impacted by the same support level of the 200-hour SMA and still faced the resistance zone that surrounds the 1,900.00 level. The metal's price is expected to once again test the resistance of the 1,895.00/1,907.00 zone. In the case of this resistance failing, the pair would find resistance in round price
By the start of Tuesday's US trading hours, the USD/JPY was once again testing the resistance of the 103.70 zone. In the case of the 103.70 zone being passed the rate would aim at the resistance of the 103.90 level. If the 103.90 mark fails to provide resistance, the next targets would be first the 104.00 level and afterwards the
It was spotted on Tuesday morning that the 55-hour simple moving average had the capability to keep the rate down. Namely, the rate stopped its surge and started to trade sideways, as the SMA approached it. If the SMA continues to provide resistance and move lower, it should push the rate down to test the 1.3430 level. The 1.3430 level
On the hourly candle chart the rate was testing the resistance of the December high levels. The high levels are marked as a zone from 1.2250 to 1.2275. In addition, the rate faces the resistance of the weekly R1 simple pivot point at 1.2262. Meanwhile, take into account that on Tuesday a channel up pattern was added to the
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