Throughout July, the USD/JPY currency pair has been trading between the support of the 134.75/134.80 and 136.28/136.38 zones. At mid-day on Wednesday, the USD/JPY appeared to have found additional support in the 135.00 level. Meanwhile, the 136.00 level did not appears to be capable of acting as notable resistance. In the meantime, the 50, 100 and 200-hour simple moving averages and
Despite being pierced, the 1.1900 mark has managed to act as support. The zone below the round exchange rate level has been marked. The support zone was enough to cause a surge, which by the middle of Thursday's European trading hours had managed to shortly reach above the 1.1975/1.1995 zone and the 1.2000 mark. However, it appeared that the 100-hour
After reaching a new low level at 1.0162, the EUR/USD started a minor recovery. On Thursday morning, the recovery found resistance in the weekly S2 simple pivot point and the 1.0220 level. In the meantime, the pair was being approached by the 50-hour simple moving average. If the Euro continues to decline against the US Dollar, the pair could look
As the US Dollar continues to strengthen, the price for gold has plummeted. By the middle of Wednesday's European trading hours, the commodity had reached the 1,760.00 level. The price has not been this low during 2022. In the meantime, note that the 1,740.00/1,760.00 zone acted as support during a couple of periods in 2021. Namely, it acted as support
The USD/JPY currency exchange rate has revealed that it faces resistance at the 136.28/136.38 zone. The zone was strong enough to cause a decline, which by the middle of Wednesday's European trading hours had almost reached the 135.00 level. In the case of the pair declining below the 135.00 mark, support could be found in the 134.75/134.80 zone, before the rate
The decline of the Pound against the US Dollar eventually reached the 1.1900 level, which acted as support. During the first half of Wednesday's trading, the pair retraced back up to the resistance zone of Friday's low levels at 1.1975/1.1995. If the pair bounces off the resistance of the 1.1975/1995 zone, a potential decline would have to pass below the 1.1900
The plummeting of the EUR/USD on Tuesday was attributed and most likely actually was fueled by various fundamentals like strikes, protests and bad economic data. Eventually, the rate's drop appeared to have stopped near the 1.0250 mark, around which the rate began to trade sideways. However, on Wednesday morning, a new low was touched, as the pair reached below
The price for gold has confirmed that the 1,812.00/1,814.35 zone is acting as resistance. On Tuesday morning, the commodity price bounced off the zone and started a decline, which was aiming at the 1,800.00 mark. If the price reaches below the 1,800.00 mark, the May and July low levels at 1,786.65 and 1,785.00 might once again act as support. However, a bounce
The support zone, which was revealed on Friday, has been enough to cause a broader recovery of the US Dollar against the Japanese Yen. By the start of Tuesday's European trading, the currency pair had reached back above the 136.00 mark. In regards to the near term future, a continuation of the surge of the US Dollar against the Japanese
Since finding support in the zone near 1.2100 mark during early Monday's trading, the GBP/USD has been ignoring technical levels. Namely, no support and resistance is being found in the 50 and 100-hour simple moving averages, the weekly simple pivot point at 1.2133 and the round exchange rate levels of 1.2100 and 1.2150. On Tuesday morning, the rate appeared to have
On Tuesday morning, at 07:00 GMT, the EUR/USD currency pair plummeted from 1.0440 down to 1.0380 in less than 30 minutes. At the time of writing, it appeared that the support zone at 1.0382/1.0385 was being passed. In general, the exact reason for the drop was unknown. However, note that recent strikes of food producers in the Euro Zone
On Friday, the price for gold eventually reached the May low level at 1,786.65. For a short period the price fluctuated below this level, prior to starting a recovery. By the middle of Monday's trading, the price had reached above 1,800.00 and encountered resistance in the 100-hour simple moving average. If the metal's price continues to recover, it would have to
The decline of the US Dollar against the Japanese Yen found support in the 134.75/134.80 zone. Meanwhile, since Friday the pair has been encountering resistance in the 135.50 mark and the 50 and 200-hourly simple moving averages. In the near term future, a potential surge would face the combined resistance of the 50 and 200-hour simple moving averages, the weekly
After reaching below the 1.2000 mark, the GBP/USD rate touched the 1.1977, prior to starting a recovery. By the middle of Monday's trading hours, the pair had recovered and reached above the 1.2150 mark. A continuation of the surge of the Pound against the US Dollar might test the resistance zone, which surrounds the 1.2200 mark and the 200-hour simple moving
At mid-day on Friday, the EUR/USD shortly pierced the support zone at 1.0382/1.0385. However, a recovery followed the event. By the middle of Monday's trading, the pair had recovered to the 1.0450 level. If the Euro continues to surge against the US Dollar, the pair might encounter resistance in the weekly simple pivot point at 1.0469 and the 100-hour simple
The price for Gold has reached below the 1,800.00 mark. However, note that at mid-day on Thursday, the commodity price jumped to 1,825.00, before returning to the previous low levels near 1,805.00. The move was caused by the publication of the US PCE inflation data, which the Fed uses for guidance. In addition, the decline of the price of gold
On Friday morning, the USD/JPY currency rate reached below the 135.00 level. Previously, the rate broke the channel up pattern and declined below the 100 and 200-hour simple moving averages and the weekly simple pivot point at 135.38. If the currency pair continues to decline, the 134.50 level might act as support, before the rate reaches the last week's low level
Despite a surge and breaking of resistance levels at mid-day on Thursday, the GBP/USD has declined. The surge occurred due to the lower than forecast US Core PCE inflation data, which caused a seven-hour surge. However, afterwards the pair resumed to decline. By the middle of Friday's trading, the pair had reached back below 1.2100. If the rate extends its decline,
The EUR/USD has revealed a support zone at 1.0382/1.0385 and resistance at 1.0485/1.0488. During the first half of Friday's trading, the pair was fluctuating near the 1.0450 level. A decline of the Euro against the US Dollar is set to look for support in the weekly S2 simple pivot point at 1.0405 and the 1.0400 mark, before approaching the support
The high volatility of the yellow metal's price ended with a decline. By the middle of Thursday's trading hours, the price had reached below the previous June low level and the 1,805.00/1,809.00 zone. If the commodity price continues to decline, the bullion might look for support in the 1,800.00 level. Further below, note the May low level at 1,786.65. On the other
The USD/JPY currency pair reached the 137.00 level, which acted as resistance. The event was followed by a decline, which by the middle of Thursday's trading had reached the 136.00 level's support. Meanwhile, a channel up pattern was spotted. The pattern has guided the pair upwards since May 24. If the USD/JPY breaks the pattern and declines, the 136.00 level
On Thursday morning, the GBP/USD currency exchange rate confirmed the 1.2160/1.2170 zone as resistance and started a decline. By 12:00 GMT, the currency pair had reached below the 1.2100 level and was expected to look for support in the weekly S2 simple pivot point at 1.2085. A move below the weekly S2 simple pivot point at 1.2085 could encounter support in
At mid-day on Thursday, the EUR/USD passed below the 1.0400 mark. By 12:00 GMT, the pair was heading lower, as it had no support as low as the weekly S3 simple pivot point at 1.0342 and the 2017 low level at 1.0340. If the pair finds support in the 1.3040 level and starts a recovery, the 1.0400 mark and the
As the yellow metal's price shortly reached below the 1,815.00 mark, the price became highly volatile. Namely, during the mid-day hours of Wednesday, the price was highly volatile between 1,812.00 and 1,833.00. If the price continues to decline, it might look for support in the 1,805.00/1,809.00 zone, prior to reaching the 1,800.00 mark. On the other hand, a surge of the commodity