On Wednesday, the GBP/USD currency exchange rate retreated to the support of the previous May high levels at 1.4160/1.4170. In addition, this zone was being strengthened by the 55-hour simple moving average, which was catching up with the rate. In the case that the rate passes the previous May high support zone at 1.4160/1.4170, the currency exchange rate could decline to
On Wednesday morning, the EUR/USD currency exchange rate touched the 1.2245 level. However, the rate began a retracement down in the aftermath. Potential support could be provided by the 1.2200 mark and the weekly R1 simple pivot point at 1.2201. If the rate passes the support of the 1.2200 level, the pair could reach the 55-hour simple moving average at
The yellow metal's price has reached above the 1,870.00 level. Note that the surge occurred faster than expected, as the rate even broke the narrow channel up pattern, which had guided the price up since May 13. In the near term future, the metal was expected to consolidate by trading sideways until the hourly simple moving averages catch up with it
On Tuesday morning, the USD/JPY currency exchange rate plummeted, as the rate passed the support of the 109.00 level. Moreover, the pair broke the channel down pattern, which guided the pair down since May 13. In regards to the future, the rate had no technical support. Namely, the USD/JPY could decline as low as the weekly S1 simple pivot point at
On Tuesday, the GBP/USD passed the resistance zone near 1.4160, the weekly R1 simple pivot point at 1.4181 and the 1.4200 mark. In the near term future, the currency exchange rate was expected to reach fort the 1.4250 level and the weekly R2 simple pivot point at 1.4258. In general, the rate should consolidate below these levels, as due to
On Tuesday morning, the EUR/USD currency exchange rate broke the resistance of the 1.2175/1.2180 zone. It was followed up by an immediate passing of the resistance of the weekly R1 simple pivot point at 1.2201 and the 1.2200 mark. In the near term future, the pair was expected to surge, as it had no technical resistance as high as the
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The yellow metal's price has continued to surge in the channel up pattern. Moreover, it made attempts at passing the resistance line of the pattern. However, on Monday, the metal failed and retreated to the support of the zone near the 1,845.00 level. If the 1,845.00 zone provides support, the bullion's price should most likely resume its surge in the borders
Two recent low levels booked by the USD/JPY currency exchange rate have revealed that the lower trend line of the channel down pattern is located at a different level. However, the rate has still continued to respect the upper trend line of the pattern and declined. In the meantime, note that the 55-hour simple moving average has been providing resistance to
The GBP/USD currency exchange rate managed to pierce the resistance zone of the 1.4105/1.4110 zone. However, the pair immediately found resistance in the 1.4120 level. In the meantime, on Monday, the currency rate was ignoring the 1.4100 mark, the 100-hour simple moving average and the weekly simple pivot point at 1.4091. If the pair breaks the resistance levels from 1.4105 to
The EUR/USD currency exchange rate started the week by finding support in the new weekly simple pivot point at 1.2126 and starting a surge. By the middle of Monday's trading hours, the rate had touched the 1.2170 level which appeared to be capable to provide resistance. In the near term future, the rate could pass the 1.2170 level and make
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The yellow metal's price found support in the 200-hour simple moving average and started a surge. Note that the surge is captured by the borders of a channel up pattern. In addition, note that by the middle of Friday's trading, the metal had passed the resistance of the 55 and 100-hour simple moving average. In the case of the pattern holding,
The USD/JPY has revealed a minor channel down pattern, which captures the rate's decline in the aftermath of the Wednesday's US CPI release surge. Future scenarios were based upon whether or not the rate continues to trade in the pattern's borders. In the case of the channel down pattern holding, the rate would gradually decline to the support of the 100
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The decline of the GBP/USD did not reach the support of the 200-hour simple moving average on Thursday. Instead, the rate found support in the 1.4005/1.4015 zone, which had provided both resistance and support on Monday. On Friday morning, the GBP/USD had recovered to the 1.4070 level, where it encountered the 55-hour simple moving average. The 55-hour SMA could provide resistance
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On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages and reached above the 1.2100 level. However, almost immediately resistance was provided by the weekly simple pivot point at 1.2109. In the case of the rate passing the resistance of the weekly simple pivot point, the pair would face the resistance