GBP/USD reaches a high level

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


The GBP/USD has surged against the US Dollar above the 1.2660 level. This is the highest level seen since April 2022.

A continuation of the surge of the Pound against the US Dollar would encounter resistance in the combination of the 1.2700 mark and the weekly R1 simple pivot point at 1.2706.

However, a decline of the pair could look for support in the 50-hour simple moving average near 1.2620, the 1.2600 level and the combination of the already broken resistance zone near 1.2580, the weekly simple pivot point at 1.2571 and the 100-hour simple moving average.
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Mon, 08 May 2023 15:07:03 GMT

USD/JPY finds support at 133.50

The USD/JPY found support in the 133.50 level on Thursday. Since the event, the pair has been surging. On Monday, the pair had reached above 135.00. An extension of the ongoing USD move higher would have to break the 100 and 200-hour simple moving averages, the weekly simple pivot point at 135.35 and the 135.50 level. Higher above, note the

Mon, 08 May 2023 14:55:07 GMT

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