GBP/USD reacts to global events

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


The financial markets have ignored technical levels due to fundamental events taking place. On Friday, the US employment data caused high volatility and an eventual decline of the US Dollar. On Monday, the Dollar recovered because of a run to safety that started due to the war in Israel.

During the events the GBP/USD pair's channel down pattern initially held. However, it was broken after the US employment release. On Monday, a decline of the rate was taking place and the technical indicators had resumed to provide resistance and support.

A resumption of the GBP recovery against the US Dollar could face resistance in the 1.2220 and 1.2260 levels. These levels have acted as resistance on Friday and Monday. Higher above, note the 1.2300 mark and the weekly R1 simple pivot point at 1.2317.

However, in the case of a decline of the GBP/USD currency exchange rate, the 50, 100 and 200-hour simple moving averages together with he weekly simple pivot point are all set to act as support in the 1.2150/1.2200 range. Below this range, note the 1.2120 level, which has acted as support throughout the prior week.
Back to articles

Actual Topics

Mon, 09 Oct 2023 13:24:10 GMT

USD/JPY does not react to events

Despite the US Dollar moving due to the publication of monthly US employment data and the war in Israel, the USD/JPY has not reacted. Namely, in theory the supposed safe haven currency, the Japanese Yen, should have decline due to the US employment, but strengthened at the start of the conflict in the Middle East. Instead, the Yen slightly

Mon, 09 Oct 2023 12:27:02 GMT

EUR/USD reacts to fundamentals

The EUR/USD has ignored technical levels due to fundamental events taking place. On Friday, the US employment data caused high volatility and an eventual decline of the US Dollar. On Monday, the Dollar recovered because of a run to safety that started due to the war in Israel. By mid-Monday it was observed that the pair had resumed

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.