GBP/USD reaches new low

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


On Wednesday, the Pound almost reached the 1.1400 mark against the US Dollar. In general, the GBP/USD pair has not been this low since March 2020. However, the combined support of the weekly S1 simple pivot point at 1.1411 and the 1.1400 mark was enough to cause a retracement back up. During the early hours of Thursday's European trading, the pair was fluctuating near the 1.1500 level.

In the case of the pair resuming its decline, the 1.1450 and 1.1400 levels are expected to once again act as support. Further below, note the 1.1350 level and the weekly S2 simple pivot point at 1.1321.

However, an extension of the recovery might be stopped and reversed by the 1.1550 level and the combination of the 1.1600 mark, the 200-hour simple moving average and the weekly simple pivot point at 1.1585.
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Thu, 08 Sep 2022 08:03:20 GMT

USD/JPY bounces off 145.00

The 145.00 mark has provided enough resistance for the USD/JPY to start a retracement downwards. By the start of Thursday's European trading hours, the currency pair had reached the 143.50 level and the 50-hour simple moving average. A move below 143.50 could look for support in the 143.00 level and the weekly R2 simple pivot point at 142.74. Further below, note

Thu, 08 Sep 2022 07:36:14 GMT

EUR/USD returns to 1.0000

The 0.9865/0.9875 zone was enough to cause a recovery of the Euro against the US Dollar. The surge eventually reached above the 1.0000 mark. On Thursday morning, the pair was finding support in the weekly simple pivot point at 0.9980. A surge of the Euro against the USD might face resistance in the weekly R1 simple pivot point at 1.0050.

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