GBP/USD reaches 1.2800

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


The GBP/USD has found support in the 1.2800 mark, which caused a move above the resistance and support zone near 1.2850. However, by mid-Tuesday, the rate was back below 1.2850. In general, previous levels are still relevant.

A continuation of the decline might find support in the 1.2800 and 1.2750 levels. Further below, note the weekly S1 simple pivot point at 1.2736 and the two support and resistance ranges at 1.2720/1.2730 and 1.2685/1.2700.

However, a recovery of the Pound would have to break the 1.2850 level and the 50-hour simple moving average. Above these levels resistance could be encountered in the 100-hour simple moving average, the 1.2900 mark and the weekly simple pivot point at 1.2931.
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Tue, 25 Jul 2023 12:17:42 GMT

USD/JPY remains at 141.00/142.00

The USD/JPY broke the ascending channel by remaining almost flat. The rate declined and found support in the combination of the 50-hour simple moving average and the 141.00 mark. In the case of the rate resuming its prior surge, it is expected to face resistance in the 142.00 level. Higher above, note the 142.70/143.00 zone and the weekly R1

Tue, 25 Jul 2023 11:50:43 GMT

EUR/USD continues to decline

By mid-Tuesday's European trading hours, the EUR/USD had declined to the 1.1040 level, as it passed the weekly S1 simple pivot point at 1.1063. An extension of the ongoing decline of the Euro against the US Dollar is expected to look for support in the 1.1000 mark and the weekly S2 simple pivot point at 1.1002.Further below, note the 1.0930/1.0950

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