On Friday morning, the USD/JPY passed the support of the 100-hour SMA and the pivot point at 105.62. This resulted in a sharp decline that was expected to look for support first in the 200-hour SMA at 105.20 and afterwards the 105.00 mark. If any of the mentioned support levels start a surge, the rate would test the combined resistance of
The GBP/USD managed to pass the resistance of the weekly R1 on Thursday. On Friday morning, the GBP had extended its gains against the USD, as the rate had reached above the weekly R2 simple pivot point and the 1.4000 mark. By reaching above the weekly R2 simple pivot point, the rate had no technical resistance as high as the weekly
On Friday morning, the EUR/USD passed the resistance of the weekly simple pivot point and the 100 and 200-hour simple moving averages, which were located near the 1.2100 level. In the near term future, the rate was expected to test the resistance of the weekly R1 simple pivot point at 1.2175. In addition, note that the 1.2180 level should provide
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