GBP/USD jumps on Brexit announcement

Note: This section contains information in English only.
Source: Dukascopy Bank SA
As it was expected, the GBP/USD surged during the last 24-hours. However, the surge was a lot bigger than expected. The reason was another fundamental Brexit announcement. 

Namely, Theresa May moved a motion in UK's parliament to delay the Brexit in an effort to delay a no-deal scenario.  

By the middle of Wednesday's trading from a technical perspective the pair had consolidated its previous gains and resumed a surge after finding support in the weekly R2 at the 1.3238 level. This surge could reach as high as 1.3325, where another trend line is located at. 

Although, take into account that trend lines don't hold for long in the current environment.
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Wed, 27 Feb 2019 09:48:27 GMT

USD/JPY continues to decline

The US Dollar had extended its decline against the Japanese Yen on Wednesday.

Wed, 27 Feb 2019 09:33:12 GMT

EUR/USD reaches 1.1400 level

The EUR/USD reached the targeted 1.1380 soon after yesterday's publications. Moreover, three hours after reaching the weekly R1 at 1.1380 the pair continued to surge and reached the resistance levels of the daily chart at the 1.1400 level. 

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