GBP/USD declines to 1.1350

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


Last week, the GBP/USD was testing the resistance zone at 1.1715/1.1760, as the US consumer price index data revealed that the US Federal Reserve is highly likely to be more hawkish on their policy and increase the value of the USD. By Monday, September 19, the rate had reached and was finding support in the 1.1350 level. Meanwhile, 1.1450 level was acting as resistance.

If the GBP/USD declines below 1.1350, support might be found in the 1.1300 mark, the weekly S1 simple pivot point at 1.1267 and the 1.1250 level.

However, a potential recovery of the Pound against the US Dollar would have to pass the 1.1400 level and the 50-hour simple moving average, before approaching the 1.1450 mark. Higher above, note the 100-hour simple moving average near 1.1480 and the 1.1500 mark together with the weekly simple pivot point at 1.1502.
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Mon, 19 Sep 2022 13:18:40 GMT

USD/JPY fluctuates near 143.00

In the aftermath of the US CPI release, the USD/JPY bounced off the resistance of the 145.00 level and declined. Since September 14, the rate has been trading around the 143.00 level. Resistance is provided by the 143.65/143.80 zone and support is found at 142.55/142.65. In the case of a move above 143.65/143.80 the pair would have to pass the combined

Mon, 19 Sep 2022 12:51:53 GMT

EUR/USD trades around 1.0000

Since the EUR/USD reacted to the US Consumer Price Index release, the pair has been fluctuating around the 1.0000 mark. Support is being provided by the 0.9950 level and resistance is found at 1.0015 and 1.0030. In the case that the Euro hosts a recovery against the US Dollar the pair would have to pass the 1.0015 and 1.0030 levels,

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