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21 Oct 2022

GBP/USD gearing towards a retest of last week’s low at 1.0925 – Scotiabank

GBP/USD has declined to weekly lows. In the view of economists, the pair is set to retest last week’s low at 1.0925.

Closing above 1.11 will be positive

“GBP/USD has been flirting with minor trend support (1.1260, now resistance) over the past couple of sessions and weakness below that trend now is yielding some significant declines in the short-term chart.”

“Holding above 1.11 on the close will be positive – but, after a couple of failures in the upper 1.14s, the main risk for the pound appears to a gearing towards a retest of last week’s low at 1.0925.”

Oct 21, 2022

EUR/USD eyes next support at 0.9720 amid renewed weakness – Scotiabank

The euro cannot resist the dollar’s advance. Economists at Scotiabank highlight the key technical levels to watch. Technical pattern of trade has been
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Oct 21, 2022

USD/JPY retreats after hitting fresh 32-year peak. Still well bid around mid-151.00s

The USD/JPY pair adds to its strong intraday gains and continues scaling higher through the early North American session. The momentum, however, stall
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