Key Technical Analysis: Impact of Dollar Resilience on Key Levels
Friday, 22 March 2024, 04:30
Market Resilience and Technical Key Levels
The market post-Fed reaction signals a rebound for the dollar, erasing prior losses.
EUR/USD Movement
- Key Level: 200-day moving average at 1.0838
- Break Below: Sellers gain control, targeting 1.0800
- Buyers defend above for momentum into the next week
GBP/USD Scenario
- Critical Support: 100-day moving average at 1.2630
- Buyers need to protect this level for further upside potential
- Important region: 1.2593-30 key support area
USD/JPY Outlook
- Resistance Level: 2022 and 2023 highs at 151.90-94
- Current upside pressure and Tokyo's role in market momentum
Market sentiment suggests dollar resilience may continue, watch technical levels closely for confirmation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.