GBP/USD is crashed by fundamentals

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


The GBP/USD has continued to act to major fundamentals events. The Federal Reserve press conference beat down the USD, then the Bank of England boosted the GBP. Most recently, the US employment data caused a major surge of the US Dollar. The chart has seen spikes and drops throughout the last few days, which have ignored almost all technical levels.

From a technical perspective, the rate passed below the support zones near 1.2250 and confirmed them as resistance, before plummeting to 1.2150.

A further extension of the decline might look for support in round price levels, as the move would result in the pair being below the weekly pivot points and far below the hourly simple moving averages. On the other hand, a potential retracement might encounter resistance in weekly S2 at 1.2184 and the 1.2200 mark, before approaching the support and resistance zones near 1.2250.
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Fri, 03 Feb 2023 14:21:21 GMT

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EUR/USD reacts to fundamentals

The EUR/USD has continued to act to major fundamentals events. The Federal Reserve press conference beat down the USD, then the ECB boosted the Euro. Most recently, the US employment data caused a major surge of the US Dollar. The chart has seen spikes and drops throughout the last few days, which have ignored almost all technical levels. The

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