GBP/USD reaches new low level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
After experiencing a sharp jump up and decline at the end of Tuesday's London trading session, the GBP/USD resumed its decline. By the middle of Wednesday's trading session the rate had reached below 1.2680.

In general, the rate was expected to continue the decline, as it had no technical support as low as 1.2610. At that level the weekly S1 of the simple pivot points was located at.

Meanwhile, note that all USD pairs will be impacted today by the FOMC Meeting Minutes at 18:00 GMT. Watch the preview analysis done by our community member Skyisthelimit.
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Wed, 22 May 2019 08:59:27 GMT

USD/JPY declines after sharp surge

As it was expected, the USD/JPY had become overbought due to the jump that occurred on Tuesday. This resulted in a decline, which by the middle of London's Wednesday session had reached 110.40.  

Wed, 22 May 2019 08:48:06 GMT

EUR/USD is expected to decline

On Wednesday morning, the EUR/USD traded below the 1.1170 level. 

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