The support zone, which was revealed on Friday, has been enough to cause a broader recovery of the US Dollar against the Japanese Yen. By the start of Tuesday's European trading, the currency pair had reached back above the 136.00 mark. In regards to the near term future, a continuation of the surge of the US Dollar against the Japanese
Since finding support in the zone near 1.2100 mark during early Monday's trading, the GBP/USD has been ignoring technical levels. Namely, no support and resistance is being found in the 50 and 100-hour simple moving averages, the weekly simple pivot point at 1.2133 and the round exchange rate levels of 1.2100 and 1.2150. On Tuesday morning, the rate appeared to have
On Tuesday morning, at 07:00 GMT, the EUR/USD currency pair plummeted from 1.0440 down to 1.0380 in less than 30 minutes. At the time of writing, it appeared that the support zone at 1.0382/1.0385 was being passed. In general, the exact reason for the drop was unknown. However, note that recent strikes of food producers in the Euro Zone
On Friday, the price for gold eventually reached the May low level at 1,786.65. For a short period the price fluctuated below this level, prior to starting a recovery. By the middle of Monday's trading, the price had reached above 1,800.00 and encountered resistance in the 100-hour simple moving average. If the metal's price continues to recover, it would have to
The decline of the US Dollar against the Japanese Yen found support in the 134.75/134.80 zone. Meanwhile, since Friday the pair has been encountering resistance in the 135.50 mark and the 50 and 200-hourly simple moving averages. In the near term future, a potential surge would face the combined resistance of the 50 and 200-hour simple moving averages, the weekly
After reaching below the 1.2000 mark, the GBP/USD rate touched the 1.1977, prior to starting a recovery. By the middle of Monday's trading hours, the pair had recovered and reached above the 1.2150 mark. A continuation of the surge of the Pound against the US Dollar might test the resistance zone, which surrounds the 1.2200 mark and the 200-hour simple moving
At mid-day on Friday, the EUR/USD shortly pierced the support zone at 1.0382/1.0385. However, a recovery followed the event. By the middle of Monday's trading, the pair had recovered to the 1.0450 level. If the Euro continues to surge against the US Dollar, the pair might encounter resistance in the weekly simple pivot point at 1.0469 and the 100-hour simple
The price for Gold has reached below the 1,800.00 mark. However, note that at mid-day on Thursday, the commodity price jumped to 1,825.00, before returning to the previous low levels near 1,805.00. The move was caused by the publication of the US PCE inflation data, which the Fed uses for guidance. In addition, the decline of the price of gold
On Friday morning, the USD/JPY currency rate reached below the 135.00 level. Previously, the rate broke the channel up pattern and declined below the 100 and 200-hour simple moving averages and the weekly simple pivot point at 135.38. If the currency pair continues to decline, the 134.50 level might act as support, before the rate reaches the last week's low level
Despite a surge and breaking of resistance levels at mid-day on Thursday, the GBP/USD has declined. The surge occurred due to the lower than forecast US Core PCE inflation data, which caused a seven-hour surge. However, afterwards the pair resumed to decline. By the middle of Friday's trading, the pair had reached back below 1.2100. If the rate extends its decline,
The EUR/USD has revealed a support zone at 1.0382/1.0385 and resistance at 1.0485/1.0488. During the first half of Friday's trading, the pair was fluctuating near the 1.0450 level. A decline of the Euro against the US Dollar is set to look for support in the weekly S2 simple pivot point at 1.0405 and the 1.0400 mark, before approaching the support
The high volatility of the yellow metal's price ended with a decline. By the middle of Thursday's trading hours, the price had reached below the previous June low level and the 1,805.00/1,809.00 zone. If the commodity price continues to decline, the bullion might look for support in the 1,800.00 level. Further below, note the May low level at 1,786.65. On the other
The USD/JPY currency pair reached the 137.00 level, which acted as resistance. The event was followed by a decline, which by the middle of Thursday's trading had reached the 136.00 level's support. Meanwhile, a channel up pattern was spotted. The pattern has guided the pair upwards since May 24. If the USD/JPY breaks the pattern and declines, the 136.00 level
On Thursday morning, the GBP/USD currency exchange rate confirmed the 1.2160/1.2170 zone as resistance and started a decline. By 12:00 GMT, the currency pair had reached below the 1.2100 level and was expected to look for support in the weekly S2 simple pivot point at 1.2085. A move below the weekly S2 simple pivot point at 1.2085 could encounter support in
At mid-day on Thursday, the EUR/USD passed below the 1.0400 mark. By 12:00 GMT, the pair was heading lower, as it had no support as low as the weekly S3 simple pivot point at 1.0342 and the 2017 low level at 1.0340. If the pair finds support in the 1.3040 level and starts a recovery, the 1.0400 mark and the
As the yellow metal's price shortly reached below the 1,815.00 mark, the price became highly volatile. Namely, during the mid-day hours of Wednesday, the price was highly volatile between 1,812.00 and 1,833.00. If the price continues to decline, it might look for support in the 1,805.00/1,809.00 zone, prior to reaching the 1,800.00 mark. On the other hand, a surge of the commodity
At mid-day on Wednesday, the USD/JPY currency pair reached above the previous June high levels at 136.60/136.70. Next target for the surge could be the 137.00 mark, which might act as resistance. However, a potential retracement back down might look for support in the 136.60/136.70 zone and the weekly R1 simple pivot point at 136.50.
The GBP/USD currency pair has passed below the support of the weekly S1 simple pivot point at 1.2174 and the previous week's low level zone at 1.2160/1.2170. A continuation of the decline of the Pound against the US Dollar might look for support in the 1.2150 and 1.2100 levels, before reaching the weekly S2 simple pivot point at 1.2085. Meanwhile, a
The resistance zone at 1.0600/1.0607 held and the EUR/USD eventually passed below various support levels. During the early hours of Wednesday's trading, the pair had shortly traded below the 1.0500 mark. Meanwhile, resistance was found in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.0542. If the rate passes above
The bounce off from the resistance of the descending trend line eventually reached the last week's low level zone at 1,816.90/1,823.50. If the support levels hold, a potential recovery of the commodity price might occur. A move higher could encounter resistance in the combination of the 1,830.00 level and the 50 and 100-hour simple moving averages. Higher above, note the descending
On Tuesday morning, the USD/JPY currency pair managed to reach above the resistance levels that surround the 135.50 level. By the middle of the day's European trading hours, the rate was heading to the weekly R1 simple pivot point at 136.49, the 136.50 mark and the June 21 and 22 high level zone at 136.60/136.70. If the pair reaches above the
Despite reaching above the 1.2300 mark, the GBP/USD found resistance in a recent high level zone at 1.2315/1.2330. Meanwhile, support is being found in the 200-hour simple moving average and the weekly simple pivot point at the 1.2250 mark. A move above the resistance zone might be stopped by the weekly R1 simple pivot point at 1.2337. Higher above, note the
At mid-day on Monday, the EUR/USD reached above the 1.0600/1.0607 zone. However, resistance was immediately encountered in the weekly R1 simple pivot point at 1.0616. During the first half of Tuesday's trading hours, the pair was fluctuating below the 1.0600 mark and the 1.0570 level. Meanwhile, the pair was being approached by the support of the 50-hour simple moving
Since late hours of June 16 trading, the price for gold has been facing a descending resistance line. On Monday, the pair bounced off the resistance line and was looking for support in the hourly simple moving averages. A potential decline of the commodity price could look for support in the last week's low level zone at 1,816.90/1,823.50. Further below