GBP/USD fails to reach 1.3200

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


The GBP/USD pair's reaching above the three hourly simple moving averages did not result in a move to the 1.3200 mark, as it was speculated on Wednesday. Instead, the currency pair found resistance in the 1.3180 level. In addition, the bounce off the 1.3180 level revealed a channel up pattern, which has guided the rate since Monday.

Throughout Thursday's trading, the currency pair was fluctuating mostly in the middle of the pattern near 1.3120/1.3140. However, at 15:00 GMT the rate started a surge. The surge almost immediately reached above the 200-hour simple moving average at 1.3165.

If the currency pair continues to surge, it would have to pass the 1.3180 level, before approaching the weekly simple pivot point at 1.3198 and the 1.3200 mark. Higher above, take into account the last week's high level zone at 1.3215/1.3225.

However, a decline of the Pound against the US Dollar might look for support in the 50 and 100-hour simple moving averages near 1.3130. Further below, the lower trend line of the new channel up pattern might provide support near 1.3110/1.3130.
Back to articles

Actual Topics

Thu, 31 Mar 2022 15:10:45 GMT

USD/JPY returns to support zone

The recovery from the 121.00/121.50 zone ended at midnight to Thursday, as the USD/JPY currency exchange rate approached the 122.50 mark. The round exchange rate level's resistance was being strengthened by the 50 and 100-hour simple moving averages near 122.60. Afterwards, the pair returned to the support zone at 121.00/121.50. Meanwhile, take into account that at mid-day on Thursday it appeared

Thu, 31 Mar 2022 14:50:12 GMT

EUR/USD surge ends at 1.1180

The EUR/USD surge above the previous March high level eventually ended during the midnight hours to Thursday. The surge ended at the 1.1180 mark, which acted as resistance. Afterwards, throughout the day's trading hours, the Euro declined against the US Dollar. By 15:00 GMT, the currency exchange rate had reached below the 1.1100 mark. If the common European currency exchange

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.