GBP/USD faces resistance above 1.2720

Source: Dukascopy Bank SA


The GBP/USD trades below a resistance zone at 1.2720. Meanwhile, support appears to be provided by the 1.2660 level.

A move above 1.2720 resistance range could be slowed down by the 1.2760 level or the weekly R1 simple pivot point at 1.2769, before the pair reaches 1.2800.

On the other hand, a decline of the Pound against the US Dollar would have to pass below the 1.2660 level and the 50-hour simple moving average. Further below note the support range at 1.2590/1.2610 and the weekly S1 simple pivot point at 1.2601.
Back to articles

Actual Topics

Mon, 03 Jul 2023 16:02:51 GMT

USD/JPY remains below 145.00

The USD/JPY surge has encountered resistance in the 145.00 mark and retraced below the 50 and 100-hour simple moving averages. The moving averages have guided the pair up since mid-June. However, support was being found in the 144.00 level. A decline below the 144.00 level could look for support either in the 200-hour simple moving average near 143.70 or the

Mon, 03 Jul 2023 15:27:07 GMT

EUR/USD reveals resistance zone

The EUR/USD has revealed support and resistance zones. Support is being found at the 1.0840 level. Resistance is provided by the 1.0930/1.0940 range. On Monday, the pair was testing the resistance zone. Meanwhile, the rate ignored the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. A move above 1.0940 could be slowed down by the

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.