GBP/JPY reaches above resistance zone

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


During the night between Thursday and Friday, the GBP/JPY currency pair reached above the 162.95/163.30 zone. However, it was spotted that the 163.50 level had immediately acted as resistance.

If the rate passes above 163.50, the GBP/JPY currency exchange rate might encounter additional resistance in the 164.00 and 164.50 levels, before reaching the weekly R3 simple pivot point at 164.69.

On the other hand, a decline of the rate is set to find support in the 162.95/163.30 zone. Further below take into account the combination of the 50-hour simple moving average, the weekly R2 simple pivot point and the trend line, which connects the rate's low levels since May 24.
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Fri, 03 Jun 2022 09:43:56 GMT

USD/CAD declines below 1.2600

At mid-day on Thursday, the US ADP Non-farm Employment data release caused a sell off of the US Dollar. On the USD/CAD the event resulted in a decline below the 1.2600 mark. On Friday morning, the rate fluctuated almost flat near the 1.2570 level. If the pair resumes its decline, the USD/CAD could look for support in the 1.2550 mark.

Fri, 03 Jun 2022 08:57:15 GMT

AUD/USD reaches above 0.7250

The support of the 0.7140 level was enough to cause a major surge of the AUD/USD rate. the surge shortly paused at 0.7200 and 0.7224/0.7230. During the midnight hour to Friday, the pair touched the 0.7280 level, before retracing down to look for support. Support appeared to be found in the 0.7250 mark and the weekly R2 simple pivot point

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