The GBP/USD resumed its descent after the release of the better than expected US ISM Services PMI survey results. In the aftermath of the initial drop, it was spotted that the recent lower low and lower high levels can be connected to reveal support and resistance lines. At mid-day on Thursday, the rate was looking for support in the
Despite the surge that was caused by the release of the better than forecast US ISM Services PMI, the EUR/USD has remained above the 1.0700 mark. However, on Thursday the rate was approached by the additional resistance of the 50-hour simple moving average, which could push the rate down. A move below 1.0700 could result in the EUR/USD looking for
The price for gold has reacted to the surge of the US Dollar by extending its decline. On Tuesday, the commodity price was heading to the 1,925.00 mark. In the near term future, support might be found in the 1,920.00/1,923.00 range that has previously acted as both support and resistance. Below 1,920.00, take into account the 1,910.25 level and
The surge of the US Dollar continues. The USD/JPY currency exchange rate reached above the 147.50 mark and the weekly R1 simple pivot point at mid-day on Tuesday. The two levels appeared to have become support to a potential resumption of the broader surge. A move of the currency pair higher is expected to encounter resistance in the 148.00 or
The broader strength of the US Dollar has resulted in the GBP/USD pair passing below the 1.2548/1.2579 range. However, the event has not been followed by a larger decline of the rate. During Tuesday's European trading hours, the rate fluctuated around the pierced support zone, as if confirming it as resistance before resuming the broader decline. A resumption of the
The 1.0800 mark provided enough resistance to keep the EUR/USD down until the 50-hour simple moving average approached and caused a decline. The rate passed below the 1.0766/1.0771 range. By mid-Tuesday the currency pair was heading to the 1.0700 mark. Note that the 1.0700 level was strengthened by the lower trend line of the channel down pattern. A potential recovery
The decline of the metal's price has found support in the 100-hour simple moving average. Since finding support, up to mid-Monday, the rate fluctuated near the 1,940.00 level. In the case of the 100-hour simple moving average pushing the commodity price up, resistance could be found in the 1,950.00 mark and the upper trend line of the channel up pattern. However,
The recovery from the 144.50 mark has encountered resistance in the 146.30/146.60 range. If the USD/JPY reaches above the 146.60 level, the rate could be slowed down by the 147.00 mark, before the 147.23/147.36 August high level range. On the other hand, a possible decline of the US Dollar against the Yen could look for support in the 146.00
On Friday, the GBP/USD reacted to the strengthening of the US Dollar, which was caused by the US monthly employment data release. The decline of the pair eventually found support in the 1.2548/1.2579 range and started a recovery. By mid-Monday, the rate had reached the combined resistance of the 50, 100 and 200-hour simple moving averages near 1.2650. A move
The EUR/USD has confirmed a support zone near the August low level of 1.0766. Namely, there is support at 1.0766/1.0771. The support zone has caused a recovery, due to which the pair is heading to the resistance levels near 1.0830. Near the 1.8030 level, the rate is set to face the combination of the 50, 100 and 200-hour simple
Gold has continued to test the 1,950.00 mark and the upper trend line of the channel up pattern. However, the release of the US monthly employment data strengthened the US Dollar on Friday at 12:30 GMT. The event resulted in the metal's price declining as low as 1,935.00 by 15:00 GMT. If the commodity price declines below 1,935.00, the
The release of the US data reached its peak with the release of the US monthly employment data. Just after the release of data on Friday at 12:30 GMT, the USD/JPY dropped to 144.50. The round level acted as support and caused a recovery. By 14:30 GMT, the pair was heading tot he 146.00 level and the combination of
During the week of notable US data releases the GBP/USD surged to the resistance of the 1.2750 level. The resistance was enough to cause a decline, which on Friday was passing below the weekly simple pivot point at 1.2640. An extension of the ongoing decline could look for support in the 1.2620 and 1.2600 levels. Further below, note the 1.2545/1.2565
Throughout this week, the EUR/USD traded in accordance with US data releases. Most of action occurred in reactionary moves. As the releases are over, technical reviews are back in favour. On Friday, after the last notable events, the EUR/USD was looking for support in the weekly simple pivot point at 1.0829. Meanwhile, resistance was encountered in the 50-hour simple
The surge of the metal's price paused just before reaching the upper trend line of the channel up pattern. Since the event, the commodity price has been consolidating just above the support of the 1,935.00 level. In general, forecasts remain unchanged. The price is set to test the combined resistance of the upper trend line of the channel pattern that
The decline that was caused by US job openings data eventually found support. On the USD/JPY charts support was found near 145.70. On Wednesday morning, the pair was testing the 146.25/146.55 range's resistance. A surge above 146.55 is expected to test the resistance of the 147.00 mark and the weekly R1 simple pivot point at 147.17. However, both of these
The release of the US job openings data caused major USD weakness. On the GBP/USD charts it resulted in the rate breaking all resistance up to the 1.2650 level. On Wednesday morning, the pair was confirming the 1.2620 level as support. A move below 1.2620 is set to immediately find support in the 50 and 100-hour simple moving averages near
The surge of the Euro against the US Dollar has encountered resistance in the weekly R1 simple pivot point at 1.0892. During Wednesday's London trading hours, the pair was declining and looking for support. Support could be found by the rate in the 1.0850 mark which is strengthened by the 200-hour simple moving average. In addition, the 50-hour SMA
Despite breaking above the 1,920.25/1,923.00 range, the price for gold has not booked major gains, as it encountered resistance in 1,925.00. The resistance was enough to cause a decline of the commodity. By mid-Tuesday, the price had pierced the 50 and 100-hour simple moving averages and touched the 1,915.00 mark. A move below 1,915.00 could look for support in the
The USD/JPY continued to trade and look for support in the 146.25/146.55 range from mid-Friday up to mid-Tuesday. On Tuesday, the rate was caught up by the 50-hour simple moving average, which was the needed catalyst for a surge. The follow up surge reached above the 147.00 mark and the weekly R1 simple pivot point at 147.17. An extension of
During late Monday's trading, the Pound managed to recover against the US Dollar. However, it encountered resistance on Tuesday morning in the 100-hour simple moving average near 1.2630. The encounter turned into a decline. By the middle of the day, the rate had reached below the Monday's low level of 1.2565. A move below 1.2565 might be stopped by
Due to a broader Dollar's strength, the EUR/USD has passed below the 1.0800 mark. From a technical perspective, the pair bounced off the resistance range at 1.0835/1.0845, which caused the recent decline. A continuation of the EUR/USD decline could look for support in the Friday's low level at 1.0766. Below the low level, take into account the weekly S1
The speech by Jerome Powell at Jackson Hole symposium created major volatility. The price for gold fluctuated between the support of the 1,902.50/1,905.00 zone and resistance of the 1,920.25/1,923.00 range. On Monday, the price was located near 1,915.00 and appeared to be consolidating before another test of the mentioned resistance range. In general, previous future scenarios remain unchanged. A move
The speech by Jerome Powell at Jackson Hole symposium created major volatility, during which the USD/JPY managed to pierce the 146.25/146.55 range. However, the event was not followed by a broader surge. Instead, up to mid-Monday the rate fluctuated in the previous resistance range. In the case of the 146.25/146.55 range turning into support, a broader surge might be slowed