GBP/USD recovers to 1.1650

Source: Dukascopy Bank SA


On Friday, the strength of the US Dollar declined against all other assets. As a result, on the GBP/USD charts a surge up to the 1.1650 occurred.

A continuation of the recovery of the Pound against the US Dollar might encounter resistance in the weekly R1 simple pivot point at 1.1675. Higher above, the 1.1700 could slow down a surge, prior to the rate reaching the 1.1715/1.1760 zone.

However, a decline of the currency exchange rate is expected to look for support in the 1.1600 mark, the weekly simple pivot point at 1.1585 and the 200-hour simple moving average near 1.1560. Further below, note the 1.1550 and 1.1500 levels together with the 50 and 100-hour SMAs near 1.1515.
Back to articles

Actual Topics

Fri, 09 Sep 2022 08:44:03 GMT

USD/JPY retraces to 142.00

The retracement back down by the USD/JPY rate was reaching the 142.00 level on Friday morning. The pair had been declining since encountering resistance in the 145.00 mark. An extension of the decline below 142.00 might look for support in the weekly R1 simple pivot point at 141.44 and the 200-hour SMA near 141.00. Further below, note the 140.50, 140.00 and

Fri, 09 Sep 2022 08:15:25 GMT

EUR/USD breaks above 1.0100

The EUR/USD currency pair has breached the August high level zone at 1.0080/1.0090 and the 1.0100 mark. The surge of the Euro was caused by the European Central Bank hiking interest rates by 0.75% and committing to future hikes. A continuation of the surge of the pair could encounter resistance in the combination of the weekly R2 simple pivot point

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.