The GBP/USD has passed the resistance of the 200-hour simple moving average. It has resulted in a surge, which on Thursday aimed at the 1.3982 level, where a weekly R1 simple pivot point was located at. Meanwhile, a channel up pattern was spotted, which has guided the rate during this week. In the case of the rate passing the pivot point
By the middle of the day's European trading hours, the currency exchange rate had reached the resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.1975. In the meantime, analysts spotted a channel up pattern, which had guided the rate throughout this week. In the near term future, the rate would test the combined
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As it was speculated on Tuesday, the yellow metal was impacted by round price levels before reaching the 200-hour simple moving average. Namely, the 1,710.00 and 1,720.00 levels provided the commodity price with both support and resistance. In the meantime, on Wednesday, the price was being approached by the mentioned SMA. In the case of the 200-hour SMA providing resistance, the
During the second part of Tuesday's trading, the USD/JPY passed below the support of the 55-hour simple moving average. The SMA was pushing the rate up since February 24. In the meantime, the pair was being approached by the 100-hour SMA. If the 100-hour SMA provides support, the rate could surge and make another attempt to pass the resistance of the
The surge of the GBP/USD found resistance in the 200-hour simple moving average, which caused a retracement down. By the middle of Wednesday's GMT trading hours, the rate was once again approaching the resistance of the SMA. In the case of the SMA being passed, the pair could reach for the weekly R1 simple pivot point at 1.3982. If the pivot
Despite passing the resistance of the 1.1900 mark, the EUR/USD did not book large gains. The 1.1915 level provided resistance and stopped the rate's surge. It was spotted on Wednesday that this level provided both support and resistance to the rate since the end of the last week. In the meantime, the rate was being approached by the 100-hour
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After finding support in the 1,675.00 level on Monday, the price of the yellow metal began a surge. By the middle of Tuesday's GMT trading hours, the price had reached above the 100-hour simple moving average, which had previously stopped an attempt to recover. In the near term future, the rate should aim at the resistance of the 200-hour SMA and
The USD/JPY managed to pass the 108.55/108.65 resistance zone. On Tuesday morning, the currency exchange rate had reached the resistance of the weekly R1 simple pivot point at 109.23. After making attempts to pass it for six hours straight, the pair declined to the support of the 55-hour simple moving average. In the near term future, the rate was expected to
By the middle of Tuesday's European trading hours, the GBP/USD had managed to pass the resistance of the 1.3870 level and reach the 1.3900 mark. The 1.3900 level paused the rate's surge. In the case of the rate passing the resistance of the 1.3900 mark, the pair would face the 200-hour simple moving average at the 1.3930 level and afterwards the
The decline of the EUR/USD eventually found support in the weekly S1 simple pivot point at 1.1838. By the middle of Tuesday's GMT trading hours, the currency pair had recovered and reached above the 1.1900 mark. In the case of the pair continuing the surge, the pair could test the resistance of the 1.1950 level, which should be strengthened by
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The yellow metal ended its sideways trading by surging to the resistance of the 100-hour simple moving average, which held and caused a decline. During the early Monday's trading hours, the rate had reached the support of the 1,690.00 level. If the 1,690.00 provides support once again, the metal's price could make another attempt to pass the resistance of the 100-hour
The USD/JPY started to consolidate after reaching above the 108.50 level. Namely, the rate began to trade sideways between 108.00 and 108.50. However, on Monday morning, the rate was making another attempt to surge. In the meantime, the resistance zone of 108.55/108.65 that caused the consolidation has been marked on the chart. If the USD/JPY passes the resistance zone, the pair