GBP/USD decline reaches 1.2500

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Thursday morning, the GBP/USD rate found support in the 1.2500 mark and recovered, until resistance was found in the 50-hour simple moving average at 1.2550.

A move of the Pound down against the US Dollar might look for support in the wide June low level zone at 1.2430/1.2480. In addition, the 1.2500 mark might act as support.

A surge above 1.2550 and the 50 and 200-hour simple moving average might encounter resistance in the trend line, which connects the recent high levels. Higher above, take into account the 1.2600 level and the weekly R1 simple pivot point at 1.2611.
Back to articles

Actual Topics

Thu, 09 Jun 2022 14:40:17 GMT

USD/JPY fails to pass 134.50

The 134.50 mark provided enough resistance to the USD/JPY to cause a retracement down below the 133.50 level, the 50-hour simple moving average and the weekly R2 simple pivot point at 133.66. During the second half of Thursday's trading, the pair had resumed its surge, as it reached above 134.00. If the pair manages to reach above the 134.50 mark, might

Thu, 09 Jun 2022 13:19:03 GMT

EUR/USD reacts to the ECB

On June 9, the European Central Bank published its interest rates and Monetary Policy Statement. In general, as expected, the central bank kept its interest rate's unchanged. Meanwhile, the central bank revealed that it would hike its interest rates by 0.25% in July. Moreover, the ECB is set to end its Asset Purchase Program on July 1. The EUR/USD reacted

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.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.