GBP/USD tests resistance levels

Source: Dukascopy Bank SA


As the 200-hour simple moving average approached the GBP/USD rate from below, a recovery started. The recent low and the November 17 low level have been marked as a support zone. On Tuesday morning, the pair reached the combined resistance of the 50 and 100-hour simple moving averages near 1.1855/1.1865.

A move above 1.1865 could encounter resistance in the weekly simple pivot point at 1.1876. Higher above, the 1.1900 mark could slow down a surge, before the pair reaches the resistance zone, which surrounds the 1.1950 level.

On the other hand, a decline of the Pound against the US Dollar could look for support in the 200-hour SMA and the 1.1800 mark. Below these levels, the recent low level zone at 1.1762/1.1779 might once again stop a decline.
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Tue, 22 Nov 2022 09:11:57 GMT

USD/JPY reveals resistance zone

The USD/JPY has revealed a resistance zone at 142.05/142.28. By the middle of Tuesday's trading, the pair had declined and appeared to be finding support in the weekly R1 simple pivot point at 141.53 and the 141.50 level. A decline below 141.50 of the USD/JPY pair might look for support in the 50-hour simple moving average and the 141.00 level. Further

Tue, 22 Nov 2022 08:45:09 GMT

EUR/USD reveals support

The EUR/USD has found support in the 1.0223/1.0226 range. This range provided enough support for the pair to reach above 1.0250. On Tuesday morning, the currency exchange rate was heading to the 50 and 200-hour simple moving averages near 1.0290/1.0300. A move by the pair above 1.0300 could encounter resistance in the 100-hour simple moving average near 1.0330. Higher

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