GBP/JPY pierces support levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Friday morning, the GBP/JPY passed the support of the weekly S3 simple pivot point at 153.10 and touched the 153.00 mark.

In the case that the rate extends the decline, it would have no technical support. Namely, the 152.50 and 152.00 levels could act as support. These levels provided resistance during the pair's early October surge.

On the other hand, a recovery of the rate could find resistance in the weekly S3 simple pivot point first. Afterwards, the 153.65/153.77 zone might keep the rate down, as it did since mid-Thursday.
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Fri, 05 Nov 2021 09:05:20 GMT

USD/CAD trades sideways

The USD/CAD reached the resistance of the 1.2452/1.2457 zone and passed it on Thursday. However, since the event, the rate has been trading sideways. Namely, the pair appears to be squeezed in between the support of the mentioned 1.2452/1.2457 zone and the resistance of the 1.2470/1.2472 levels. A breaking of the 1.2470/1.2472 resistance zone could reach for the 1.2500 mark.

Fri, 05 Nov 2021 08:48:13 GMT

AUD/USD continues to decline

The AUD/USD passed the support of the weekly S2 simple pivot point at 0.7419 and the 0.7412/0.7420 zone. This event resulted in a decline to the October 12 high and October 18 low level zone and the weekly S3 simple pivot point at 0.7376/0.7384, as described in the first scenario on Thursday. If the pair declines below the mentioned support levels,

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