USD/JPY Supported By 55-Hour Sma

Forex

<p>On Friday, the USD/JPY currency pair touched the 111.50 level. During today’s morning, the pair was testing the support provided by the 55-hour SMA near 110.20. If the given moving average holds, it is likely that some upside potential could prevail in the market, and the exchange rate could exceed the psychological level at 112.00.

GBP/USD Could Go Downwards

Forex

<p>At the end of last week, the GBP/USD exchange rate tried to surpass the 100-hour SMA near 1.1900. During Monday morning, the rate was trading near 1.1600. Given that the currency pair is pressured by the 55-hour SMA near 1.1630, it is likely that some downside potential could occur. In this case the pair could […]

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