GBP/USD reaches above 1.4100

Source: Dukascopy Bank SA


Since the middle of Friday's GMT trading hours, the GBP/USD currency exchange rate has reached above the 1.4100 level, as it had gained more than 1.50%.

In the near term future, the pair's surge was expected to reach for the resistance of the weekly R2 simple pivot point at 1.4138. If the pair passes this resistance level, GBP/USD could reach for the 1.4200 mark and afterwards the weekly R3 simple pivot point at 1.4269.

On the other hand, the rate could consolidate its gains by trading sideways or declining. A potential decline would look for support in the weekly R1 simple pivot point at 1.4064.
Back to articles

Actual Topics

Mon, 10 May 2021 11:56:09 GMT

USD/JPY recovers after Friday's drop

On Friday, May 7, the USD/JPY experiences a sharp drop at 12:30 GMT. The move was caused by the worse than forecast US labour data. The rate suffered a 81 pip drop. However, by the middle of Monday's trading hours, the pair had recovered back to the 109.00 level, where it encountered resistance. If the rate fails to pass the resistance

Mon, 10 May 2021 11:46:50 GMT

EUR/USD remains below 1.2200

Since reaching the 1.2175 mark on Friday, the EUR/USD currency exchange rate has traded below it. In the case of the rate managing to pass this resistance, the pair could reach for the 1.2200 mark and afterwards the weekly R1 simple pivot point at 1.2232. On the other hand, a potential decline of the rate could look for support in

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.