The USD/JPY pair hit the 135.50 mark and shortly traded above it during the midnight hours to Wednesday. However, since the event, the pair has been declining as by the middle of the day's trading the pair was located at the 134.50 mark and was looking for support near that level. Prior to analyzing the technical chart, note that the
The GBP/USD rate found support in the 1.1940 level, which is 20 base points below the 2019 low level at 1.1960. The event was followed by a surge of the Pound against the US Dollar, which by the middle of the day's European trading hours had reached above the 1.2100 mark and the technical levels, which strengthened it. Above all
The support of the 1.0400 mark eventually was enough to cause a move of the EUR/USD up to the resistance zone, which surrounds the 1.0500 mark. Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US Dollar. Note that the publication and
During the second part of Tuesday's trading, the surge of the US Dollar against the Canadian Dollar had continued, as the rate was approaching the resistance of the 1.2950 mark. A move above the 1.2950 mark could encounter resistance in the combination of the 1.3000 mark and the weekly R2 simple pivot point at 1.2996. Higher above, note the 1.3050
During the second part of Tuesday's trading hours, the GBP/JPY currency pair reached the 161.50 level. Meanwhile, note that the rate has been piercing the lower trend line of the channel pattern, which has been guiding the rate down. In general, it indicates that the decline of the Pound against the Japanese Yen might accelerate. A move below the support
During the second part of Tuesday's trading, the AUD/USD currency pair reached below the 0.6900 mark. In the meantime, it was spotted that the rate has been declining in a narrow channel down pattern since January 9. A continuation of the Australian Dollar's decline against the US Dollar is set to look for support first in the 0.6850 level. Further below,
The decline of the EUR/JPY reached the 139.50 mark on Monday. On Tuesday, the rate recovered until it encountered the resistance of the 50-hour simple moving average above 140.60. If the 50-hour simple moving average holds and pushes the rate down, the 139.50 mark and the weekly S1 simple pivot point at 139.35 could act as support. Further below,
The price for gold eventually reached below the 1,825.00/1,830.00 zone. However, by the end of Monday's trading the pair had found support in the 1,810.00 mark and recovered to 1,830.00. A resumption of the decline of the commodity price would look for support in the 1,810.00 and 1,800.00 levels, before aiming at the May low levels near 1,790.00. If the price
The USD/JPY currency pair has retreated below the supporting trend line, which guided it since May 23. However, despite the move below support levels, the rate was making attempts at surging during the Tuesday's early trading hours. If the US Dollar resumes its surge against the Japanese Yen, the pair would face resistance in the 134.50, 134.75 and 135.00 levels. Higher
On Tuesday morning, the GBP/USD decline consolidated by retracing back up to the combined resistance of the weekly S1 simple pivot point and the 1.2200 mark. Afterwards, the rate resumed its decline, as before mid-day the pair was already back at the weekly S2 simple pivot point at 1.2100. In general, a passing below 1.2100 could result in the pair reaching
The decline of the Euro against the US Dollar has reached the 1.0400 mark, which acted as support. The support of the round exchange rate level was enough to cause a recovery up to the 50-hour simple moving average near 1.0480. If the resistance of the 1.0480 mark and the 50-hour simple moving average holds, the EUR/USD is set
The surge of the US Consumer Price Index on Friday ended at the 1,870.00/1,880.00 zone. Note that the 1,880.00 level acted as resistance and a decline started, as this week's trading began. At mid-day European trading hours, the commodity price found support in the combination of the 1,850.00 level and the 50, 100 and 200-hour simple moving averages. If the metal
The USD/JPY currency exchange rate has reached a level not observed since 1998. The pair has hit the 135.00 mark's resistance. During the early hours of Monday's trading, the pair failed at passing clearly above the high level and retraced downwards. At mid-day the currency rate was looking for support in the combination of the 50-hour simple moving average and
During the mid-day in London, the GBP/USD currency exchange rate's decline plummeted below the 1.2200 level. Earlier during the day, the pair passed the 2020 July low level at 1.2260. The ongoing broad decline was caused by the strengthening of the US Dollar. The US Dollar has been sharply surging in value due to the higher than expected US inflation
The surge of the US Dollar, which was caused by the US Consumer Price Index release on Friday, continued on Monday. By the middle of the day's European trading hours, the EUR/USD had passed below the support of the 1.0500 mark and reached 1.0470. A continuation of the move downwards could look for support in the 1.0450, 1.0400 and 1.0350
The US higher than expected inflation data has revealed that the Federal Reserve has to hike interest rates more than previously expected. Due to that reason, the US Dollar has massively surged. On the USD/CAD charts it has resulted in a surge as high as the 1.2850 level during the early hours of Monday's trading. A move higher by the currency
The GBP/JPY currency exchange rate has reached below the recent low level support line, the weekly simple pivot point, the 200-hour simple moving average and the 165.00 mark. The reason for the move is fundamental. The government of Japan has addressed the issue of a too low Japanese Yen. Namely, as measures of increasing the value of the Japanese currency
The US CPI caused a strengthening of the US Dollar on Friday. During the early hours of Monday's trading, the pair had reached the 0.7000 mark. The round exchange rate level acted as support during the first hours of trading. A move below the 0.7000 mark might look for support in the weekly S1 simple pivot point at 0.6972 and
The EUR/JPY currency pair has reached the 141.00 mark's support on Friday. On Monday morning, the rate was approached by the additional support of the 200-hour simple moving average. A recovery from the 141.00 level is set to encounter resistance in the weekly simple pivot point at 141.80, before approaching the 142.00 level. In the meantime, the 142.00 level was
The surge of the USD/CAD gained momentum during the middle of Thursday's trading, as the rate steeply surged up to the 1.2700 level and the resistance zone of the late April and early March high level zone at 1.2712/1.2724. A move of the USD/CAD above the resistance zone might encounter resistance in the 1.2750 level, before the pair reaches the
A third test of the 168.50/168.72 zone's resistance failed on Thursday. By the middle of Friday's trading hours, the GBP/JPY had once again declined below 167.00. Moreover, the pair traded below the Thursday's low level. In the near term future, the pair might find support in the weekly R2 simple pivot point at 166.41 and the low level connecting trend line
At midnight to Friday, the AUD/USD rate reached the 0.7085 level, which acted as support and started a recovery. During the European morning hours, the rate was testing the resistance of the zone near 0.7120, the 0.7140 level and the weekly S1 simple pivot point at 0.7135. If the resistance levels fail to hold and a surge occurs, the rate
The EUR/JPY was highly volatile in the aftermath of the ECB monetary policy statement release. The volatility calmed down and the rate began a decline, which continued into Friday. During the morning hours of Friday's trading, the pair declined below the 142.00 level. If the Euro continues to decline against the Japanese Yen, the currency pair could look for support
The price of gold continued to trade around the 1,850.00 mark until a minor decline started at mid-day on Thursday. The decline occurred, as the US Dollar strengthened during the early hours of US trading. If the metal's price continues to decline, support might be found in the June low levels at 1,837.00 and 1,828.30. On the other hand, a potential