The 159.50 level was enough to cause a major recovery of the GBP/JPY currency exchange rate. By the second part of Wednesday's trading, the pair had reached the 162.00 level. A continuation of the surge and move above 162.00 is set to encounter resistance in the 200-hour simple moving average near 163.35 and the weekly simple pivot point. Higher above,
During the midnight hours to Wednesday, the AUD/USD currency exchange rate for a short period of time traded below the 0.6900 level and the weekly S1 simple pivot point. However, during the day's European trading hours, the currency pair returned to trade above the 0.6900 mark. In the case of the rate returning back below the 0.6900 mark support might
The Euro found enough support in the Japanese Yen in the 133.50 level to start a recovery. By the start of Wednesday's US trading hours, the rate had reached above the 136.00 mark. A continuation of the currency pair's surge might encounter resistance in the combination of the 137.00 mark, the weekly simple pivot point at 137.28 and the 200-hour
On Tuesday, the price for gold eventually reached above the 1,785.00 mark and the 1,786.65 level. However, the short piercing of the resistance levels was followed up by a decline to the 1,755.00 level, which acted as support and caused a minor recovery. By the middle of the day's European trading hours, the commodity price's recovery had found resistance in
On Tuesday afternoon, the USD/JPY currency rate ended trading between 130.50 and 131.00 with a surge. During Wednesday's early trading hours, the pair was fluctuating between the 132.50 and 134.00 levels. A potential decline of the currency pair might look for support in the 132.00 mark and the 50-hour simple moving average at that level. Further below, note the weekly S1
During the midnight hours from Tuesday to Wednesday, the GBP/USD reached and shortly traded below the 1.2150 mark. However, the event was followed by a recovery. During the European morning hours, the rate managed to reach back up to the 1.2200 level. A move of the Pound against the US Dollar might encounter resistance in the 50-hour simple moving average near
The decline of the Euro against the US Dollar has passed below the support of the 1.0200 mark, the weekly simple pivot point at 1.0193 and the 100 and 200-hour simple moving averages. During the early hours of Wednesday's trading, the currency pair confirmed the weekly simple pivot point as resistance. Meanwhile, it was observed that the 1.0160 level
Despite reaching below the 1.2800 mark, the USD/CAD rate eventually started a recovery on Monday. On Tuesday, the pair traded above 1.2850. In the case of a continuation of the US Dollar's recovery against the Canadian Dollar, the pair might encounter resistance in the 1.2900 mark and the weekly R1 simple pivot point at 1.2896. Higher above, take into account the
The GBP/JPY currency exchange rate has failed to find support in the support zone above 160.00. However, on Tuesday morning, the pair found enough support in the 159.50 level to start a recovery. By the middle of the day, the rate had reached back above 160.00. If the Pound continues to gain value against the Japanese Yen, resistance might be found
On August 2, the Reserve Bank of Australia hiked its Cash Rate from 1.35% up to 1.85%. The 0.50% hike was expected, as most central banks have been tightening monetary policy to fight inflation that has been rampant in the aftermath of the coronavirus stimulus. The AUD/USD reacted to the hike with a decline, which over the span of four hours
At mid-day on Tuesday, the decline of the Euro against the Japanese Yen hit the 133.50 level, which acted as support. The decline has been ongoing with round exchange rate levels managing to act as support and resistance. If the pair continues to decline, the 133.00 and 132.50 levels are set to act as support. On the other hand, note
The price for gold has managed to reach above the July resistance zone at 1,771.30/1,773.10. At midnight to Tuesday, GMT hours, the price bounced off the resistance of the 1,780.00 level. During the first half of the day's trading, the price for the metal was fluctuating between the 1,770.00 and 1,780.00 levels. In the case of a surge of the
The decline of USD/JPY continues, as on Tuesday morning the pair had reached the 130.50 mark. During the first half of the day's European trading hours, the currency pair was fluctuating between the 130.50 and 131.00 levels. A resumption of the US Dollar's decline against the Japanese Yen might find support in the 130.00 mark, prior to approaching the 129.50 level
On Monday, the GBP/USD currency pair encountered resistance in the weekly R1 simple pivot point at 1.2293. Afterwards, a decline followed, which by the middle of Tuesday's trading had reached below the 1.2200 mark. A continuation of the decline of the Pound against the US Dollar could find support in the 100-hour simple moving average near 1.2175, the 1.2150 mark and
The EUR/USD eventually reached the resistance of the weekly R1 simple pivot point at 1.0290. The pivot point acted as resistance and a decline followed. By the middle of Tuesday's trading, the currency pair had reached the 1.0220 mark, which acted as support. In the case of the Euro resuming its recovery against the US Dollar, the pair might
Despite breaking the channel up pattern, the price for gold surged on Monday morning. Namely, at 10:00 GMT, the rate reached the early July resistance zone at 1,771.30/1,773.10. A move above of the commodity price could encounter minor resistance in the 1,775.00, 1,780.00 levels, before reaching the resistance zone at 1,784.10/1,785.00. On the other hand, a decline of the metal's price
The decline of the USD/JPY has continued, as the 134.50 level provided enough resistance for the pair to resume its decline and reach a new low level. Namely, on Monday morning the rate was trading below 132.50 and was expected to reach 132.00. If the US Dollar declines against the Japanese Yen below the 132.00 level, note that support could be
In the aftermath of high volatility on Friday, the GBP/USD eventually reduce its range of fluctuations and started to trade between the 50-hour simple moving average near 1.2160 and the 1.2200 mark. On Monday morning, the pair broke the resistance of the 1.2200 mark and approached the 1.2250 level. If the Pound continues to appreciate in value against the US Dollar,
On Monday morning, as the month started, the EUR/USD currency pair pierced the last week's high levels near 1.2060. In the meantime, it was spotted that the pair has been moving upwards in a wide channel up pattern since July 27. However, note that the pattern captures both the US Federal Reserve rate hike and the publication of the
Since the early hours of Thursday's trading, the USD/CAD currency pair has been finding support in the 1.2800 mark. Meanwhile, resistance has been observed to be found in the 100-hour simple moving average near 1.2850. If the USD/CAD resumes its decline, the rate could aim for the weekly S2 simple pivot point at 1.2717 and the 1.2700 level. However, take into
On Friday morning, the GBP/JPY currency pair shortly traded below the 162.00 level, prior to returning to trade back above it during the second half of the day. If the Pound recovers its lost value against the Japanese Yen, the rate could encounter resistance in the 163.00 and 163.50 levels, before approaching the 50, 100 and 200-hour simple moving averages
On Friday morning, the AUD/USD currency pair clearly reached above the 0.7000 mark and the 0.7020 level. However, after the event, a sharp decline occurred, which failed to find any support. By the middle of the day, the rate had reached below the 0.6920 level and was touching the Wednesday's low levels. Afterwards, a sharp recovery appeared to be heading
The decline of the Euro against the Japanese Yen has continued, as on Friday morning, the pair almost reached the 135.50 level. In the meantime, it was observed that despite being pierced round exchange rate levels have been impacting the rate. In the case of the decline of the currency pair continuing, the rate might look for support in the
The price for gold has managed to reach above the resistance zone, which surrounds the 1,750.00 level. On Friday morning, the metal reached above the 1,765.00 level. However, during the afternoon hours, a retracement back down occurred. The retracement down of the commodity price might look for support in the 1,743.85/1,752.60 zone. In addition, note the 50-hour simple moving average