The USD/JPY currency pair has retreated below the supporting trend line, which guided it since May 23. However, despite the move below support levels, the rate was making attempts at surging during the Tuesday's early trading hours. If the US Dollar resumes its surge against the Japanese Yen, the pair would face resistance in the 134.50, 134.75 and 135.00 levels. Higher
On Tuesday morning, the GBP/USD decline consolidated by retracing back up to the combined resistance of the weekly S1 simple pivot point and the 1.2200 mark. Afterwards, the rate resumed its decline, as before mid-day the pair was already back at the weekly S2 simple pivot point at 1.2100. In general, a passing below 1.2100 could result in the pair reaching
The decline of the Euro against the US Dollar has reached the 1.0400 mark, which acted as support. The support of the round exchange rate level was enough to cause a recovery up to the 50-hour simple moving average near 1.0480. If the resistance of the 1.0480 mark and the 50-hour simple moving average holds, the EUR/USD is set
The surge of the US Consumer Price Index on Friday ended at the 1,870.00/1,880.00 zone. Note that the 1,880.00 level acted as resistance and a decline started, as this week's trading began. At mid-day European trading hours, the commodity price found support in the combination of the 1,850.00 level and the 50, 100 and 200-hour simple moving averages. If the metal
The USD/JPY currency exchange rate has reached a level not observed since 1998. The pair has hit the 135.00 mark's resistance. During the early hours of Monday's trading, the pair failed at passing clearly above the high level and retraced downwards. At mid-day the currency rate was looking for support in the combination of the 50-hour simple moving average and
During the mid-day in London, the GBP/USD currency exchange rate's decline plummeted below the 1.2200 level. Earlier during the day, the pair passed the 2020 July low level at 1.2260. The ongoing broad decline was caused by the strengthening of the US Dollar. The US Dollar has been sharply surging in value due to the higher than expected US inflation
The surge of the US Dollar, which was caused by the US Consumer Price Index release on Friday, continued on Monday. By the middle of the day's European trading hours, the EUR/USD had passed below the support of the 1.0500 mark and reached 1.0470. A continuation of the move downwards could look for support in the 1.0450, 1.0400 and 1.0350
The US higher than expected inflation data has revealed that the Federal Reserve has to hike interest rates more than previously expected. Due to that reason, the US Dollar has massively surged. On the USD/CAD charts it has resulted in a surge as high as the 1.2850 level during the early hours of Monday's trading. A move higher by the currency
The GBP/JPY currency exchange rate has reached below the recent low level support line, the weekly simple pivot point, the 200-hour simple moving average and the 165.00 mark. The reason for the move is fundamental. The government of Japan has addressed the issue of a too low Japanese Yen. Namely, as measures of increasing the value of the Japanese currency
The US CPI caused a strengthening of the US Dollar on Friday. During the early hours of Monday's trading, the pair had reached the 0.7000 mark. The round exchange rate level acted as support during the first hours of trading. A move below the 0.7000 mark might look for support in the weekly S1 simple pivot point at 0.6972 and
The EUR/JPY currency pair has reached the 141.00 mark's support on Friday. On Monday morning, the rate was approached by the additional support of the 200-hour simple moving average. A recovery from the 141.00 level is set to encounter resistance in the weekly simple pivot point at 141.80, before approaching the 142.00 level. In the meantime, the 142.00 level was
The surge of the USD/CAD gained momentum during the middle of Thursday's trading, as the rate steeply surged up to the 1.2700 level and the resistance zone of the late April and early March high level zone at 1.2712/1.2724. A move of the USD/CAD above the resistance zone might encounter resistance in the 1.2750 level, before the pair reaches the
A third test of the 168.50/168.72 zone's resistance failed on Thursday. By the middle of Friday's trading hours, the GBP/JPY had once again declined below 167.00. Moreover, the pair traded below the Thursday's low level. In the near term future, the pair might find support in the weekly R2 simple pivot point at 166.41 and the low level connecting trend line
At midnight to Friday, the AUD/USD rate reached the 0.7085 level, which acted as support and started a recovery. During the European morning hours, the rate was testing the resistance of the zone near 0.7120, the 0.7140 level and the weekly S1 simple pivot point at 0.7135. If the resistance levels fail to hold and a surge occurs, the rate
The EUR/JPY was highly volatile in the aftermath of the ECB monetary policy statement release. The volatility calmed down and the rate began a decline, which continued into Friday. During the morning hours of Friday's trading, the pair declined below the 142.00 level. If the Euro continues to decline against the Japanese Yen, the currency pair could look for support
The price of gold continued to trade around the 1,850.00 mark until a minor decline started at mid-day on Thursday. The decline occurred, as the US Dollar strengthened during the early hours of US trading. If the metal's price continues to decline, support might be found in the June low levels at 1,837.00 and 1,828.30. On the other hand, a potential
The 134.50 mark provided enough resistance to the USD/JPY to cause a retracement down below the 133.50 level, the 50-hour simple moving average and the weekly R2 simple pivot point at 133.66. During the second half of Thursday's trading, the pair had resumed its surge, as it reached above 134.00. If the pair manages to reach above the 134.50 mark, might
On Thursday morning, the GBP/USD rate found support in the 1.2500 mark and recovered, until resistance was found in the 50-hour simple moving average at 1.2550. A move of the Pound down against the US Dollar might look for support in the wide June low level zone at 1.2430/1.2480. In addition, the 1.2500 mark might act as support. A surge above
On June 9, the European Central Bank published its interest rates and Monetary Policy Statement. In general, as expected, the central bank kept its interest rate's unchanged. Meanwhile, the central bank revealed that it would hike its interest rates by 0.25% in July. Moreover, the ECB is set to end its Asset Purchase Program on July 1. The EUR/USD reacted
The ongoing decline of the US Dollar against the Loonie has found support. Namely, the weekly S1 simple pivot point at 1.2519 has acted as support. By the middle of Thursday's trading hours, the rate had recovered to the 1.2580 level and reached above the 50 and 100-hour simple moving averages. If the pair continues to recover, resistance might be encountered
The surge of the GBP/JPY currency pair has encountered resistance in the weekly R3 simple pivot point at 168.72. The event resulted in a decline, which by the middle of Thursday's trading had reached below the 50-hour simple moving average near 167.45 and the 167.00 level. If the rate continues to decline, support might be found in the weekly R2 simple
The AUD/USD has been trading in a descending triangle pattern throughout this week. Namely, a resistance line is connecting the lower and lower high levels. Meanwhile, support is being found in the zone, which surrounds the 0.7160 level. On Thursday morning, the pair was finding support in the 0.7160 level. If the rate surges, it would have to pass the
In the expectations of European Central Bank starting monetary tightening the EUR/JPY currency rate hit a new seven-and-half year high level at 144.22. However, prior to the ECB monetary policy statement, the EUR/JPY retraced to the 50-hour simple moving average near 142.85. If the Euro resumes its surge against the Japanese Yen, the rate should encounter resistance in the
Throughout this week, the price for gold has fluctuated in the 1,837.00/1,858.00 zone. On Wednesday, the price was mostly fluctuating in the 1,845.00/1,855.00 range. Namely, the price bounced around the 1,850.00 mark in a ten USD range. In the case that the commodity price surges, round price levels are set to act as resistance. The 1,865.00, 1,870.00 and 1,875.00 levels could