GBP/USD extends decline

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


The weekly simple pivot point at 1.2162 eventually failed to keep the pair up and on Wednesday morning the GBP/USD almost reached the 1.2100 level. However, by mid-day the rate had recovered and reached the 1.2180 level, where resistance was provided by the 50-hour simple moving average.

A move above 1.02180 might immediately encounter resistance in the 1.2200 level, the 100-hour SMA near 1.2220 and the 1.2250 mark. Higher above, note the last week's high levels at 1.2300 and 1.2350.

On the other hand, a decline of the GBP against the USD could look for support in the 200-hour simple moving average near 1.2125 and the 1.2100 mark, before reaching the 1.2050 level and the weekly S1 simple pivot point at 1.2015.
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Wed, 07 Dec 2022 11:35:14 GMT

USD/JPY continues to surge

By mid-Wednesday, the USD/JPY currency pair reached the 137.80 level. Meanwhile, it was spotted that the pair might be supported by an ascending supporting trend line. A continuation of the appreciation of the US Dollar against he Japanese Yen is set to test the following levels. The 138.00 mark, the weekly R1 simple pivot point at 138.24, the 138.50 and

Wed, 07 Dec 2022 11:15:55 GMT

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