GBP/USD declines to 1.1650

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


In the aftermath of the Jackson Hole symposium of central bankers, the GBP/USD currency pair declined. On Monday morning, the rate had reached the 1.1650 level, which acted as support.

An extension of the decline of the Pound against the US Dollar might look for support in the weekly S2 simple pivot point at 1.1601 and the 1.1600 mark. Further below, note the 1.1550 and 1.1500 levels.

However, a recovery of the British currency versus the Greenback might face resistance in the 1.1700 level and the last week's low level zone at 1.1715/1.1760. Higher above, note the 50 and 100-hour simple moving averages near 1.1780 and the weekly simple pivot point at 1.1785.
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Mon, 29 Aug 2022 10:00:51 GMT

USD/JPY surges to 139.00

The speech of the Chairman of the US Federal Reserve Jerome Powell on Friday initially caused a drop of the USD/JPY rate, before a broad surge of the USD started. On the USD/JPY charts the initial drop reached the 200-hour simple moving average near 136.20. By the middle of Monday's European trading hours, the pair had surged to the 139.00

Mon, 29 Aug 2022 09:06:34 GMT

EUR/USD returns below 1.0000

The Friday's central banker meeting in Jackson Hole impacted the EUR/USD currency pair in the form of a spike up, which almost touched the 1.0100 level. However, the move was followed by a decline. By the middle of Monday's trading, the pair had reached the 0.9900/0.9915 support zone. If the pair declines below 0.9900, the weekly S1 simple pivot point

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