The GBP/JPY has continued to fail at attempts to pass the the two January high level zones. In the second part of Thursday's trading, the failures resulted in a decline of the currency pair. On Friday morning, the rate had reached the 156.00 level and the support zone that is located above it at 156.00/156.12. If the currency exchange rate
The AUD/USD currency exchange rate's surge eventually bounced off the 0.7315 level. The event was followed by a decline. On Friday morning, the decline of the pair found support in the technical levels at 0.7264/0.7280. In that zone, the weekly R1 simple pivot point, the 50-hour simple moving average and a high and low level range was located. If
The EUR/JPY currency exchange rate approached the January 4 high level on Thursday. However, the rate did not even attempt a proper test of the resistance of the high level, before starting a decline. The following decline passed the 131.00 mark and the technical levels around it. By the start of Friday's European trading, the currency pair had reached
On Wednesday, the price for gold eventually passed the resistance of the 1,825.00 level. However, the price did not reach the 1,830.00 mark and the summer high level zone. The price bounced off the 1,828.45 mark and started a decline. By the start of Thursday's US trading, the decline had passed the support of the 50-hour simple moving average near
The decline of the USD/JPY that was caused by the US Consumer Price Index release has passed all expectations of the USD bears. At the start of Thursday's US trading hours, the USD/JPY rate was already passing support levels near 114.20. In the near term future, the pair was expected to eventually reach the 114.00 mark, which could stop a
The surge of the GBP/USD that was caused by the US Consumer Price Index release has reached the 1.3750 level's resistance. The round exchange rate level forced the pair into a retracement back down just before mid-day on Thursday. The consolidating decline appeared to be finding support in Wednesday's high level at 1.3715. If the GBP/USD currency exchange rate continues to
As expected, the EUR/USD surge quickly reached the weekly R2 simple pivot point and the 1.1450 mark. By the middle of Thursday's trading, the rate had found resistance in the 1.1480 mark. A continuation of the surge would have to pass the 1.1480 level, before aiming at the resistance of the weekly R3 simple pivot point at 1.1512. However,
On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. On USD/CAD charts the event resulted in a decline to the lower trend line of the channel down pattern that has guided the rate since January 6. After a short period of sideways trading, on Thursday, the
Throughout January, the GBP/JPY currency exchange rate has been making attempts to pass two high level zones that continue to act as resistance. On Wednesday, the pair bounced off the 157.72/157.77 zone and retreated to the 157.80 mark. During the early hours of Thursday's trading, the pair had recovered and moved above the resistance zone of 157.38/157.45. If the GBP continues
On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. On the AUD/USD charts the event caused a sharp surge, which broke one resistance level after another. Namely, a 81 base point or 1.12% surge occurred. In the aftermath of the surge, the rate retraced down to
On Wednesday, the EUR/JPY currency exchange rate bounced off the resistance of the January 4 high level at 131.47. The following decline found support in the combination of the 50 and 200-hour simple moving averages below the 131.00 level. Since late Wednesday trading, the 50-hour simple moving average has been pushing the rate up. If the 50-hour SMA continues
The price for gold surged faster than expected, as the bullion broke through the upper trend line of the channel up pattern and reached the 1,823.50 level on Tuesday. Afterwards, a consolidation down to the 1,815.00 level occurred. The 1,815.00 acted as support and started a surge. On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer
As the USD/JPY currency exchange rate was testing the resistance of the descending January high levels near 115.50, the US Consumer Price Index data was published. Namely, on Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. A decline of the USD/JPY currency exchange rate could eventually reach
On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. The GBP/USD currency exchange rate reacted by sharply moving to the 1.3680 mark, which at 14:00 GMT appeared to have stopped the jump. In the case that the GBP passes the 1.3680 level against the US Dollar, the
On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. The data beat the forecasts, as the US CPI came in at 0.5% instead of the forecast 0.4%. Meanwhile, the US Core CPI was revealed to be 0.6%, compared to the expected 0.5%. The event pushed
The USD/CAD has recently passed both the support of the zone at 1.2596/1.2622 and the weekly S1 simple pivot point at 1.2581. On Wednesday morning, the rate retraced back up to the weekly S1 and the 1.2580 mark to find resistance. If the US Dollar continues to lose value against the Canadian Dollar, the currency exchange rate would aim
As described in the first scenario on Tuesday, the GBP/JPY currency rate eventually reached the resistance of the recent high levels at 157.38/157.44. On Wednesday morning, the pair was testing the zone's resistance. A move above the resistance zone could reach for the January high level at 157.75. If the high level does not stop a surge, the GBP might aim
The third attempt of the Australian Dollar against the US Dollar to pass the 0.7200 mark succeeded. After the event, the rate passed the 200-hour simple moving average near 0.7210 and reached the 0.7220 level. However, the more notable update is the discovery of a channel up pattern, which appears to have guided the rate since January 6. The upper
On Tuesday, the EUR/JPY currency exchange rate reached above the resistance of the weekly simple pivot point and the 131.00 mark. However, the event did not result in a sharp surge, as the rate started to confirm the pivot point as support, before making a further move. A move higher, could find resistance in the 131.40 level, which acted
The price for gold eventually managed to pass the resistance of the 100-hour simple moving average and the 200-hour simple moving average near 1,800.00 and 1,805.00. In the meantime, a minor channel up pattern was spotted. The pattern had been guiding the price up since the start of January 7 trading. If the price for gold continue to surge, the bullion
Despite piercing the lower trend line of the channel down pattern, the USD/JPY returned to trade in its borders. Namely, the support zone at 114.96/115.04 acted as support and caused a recovery. By the start of Tuesday's US trading hours, the rate had recovered to the combined resistance of the 100-hour simple moving average, weekly simple pivot point and the
On Tuesday, the GBP/USD currency exchange rate managed to pass the resistance of the 1.3600 mark. However, almost immediately resistance was provided by the 1.3620 level. The resistance held and a minor decline occurred. By the start of Tuesday's US trading hours the pair had retraced to the 100-hour simple moving average near 1.3560. If the pair passes below the support
On Monday, the EUR/USD found support in the 1.1285/1.1287 zone. The zone has been acting as support since early January 6 trading hours. By the middle of Tuesday's trading hours, the rate had recovered and encountered resistance at the 1.1350 level. At the start of US trading hours at 14:30 GMT, the pair had retreated to the 1.1320 level.
During late Monday trading hours, the USD/CAD currency exchange rate bounced off the resistance of the weekly simple pivot point at 1.2698. The event was followed by a decline, which by the middle of Tuesday had reached the 1.2640 mark. If the US Dollar continues to decline against the Canadian Dollar, the rate might reach the support of the January