GBP/USD Technical Analysis

Source: Dukascopy Bank SA
GBP/USD is showing early signs of a bullish reversal after an extended downtrend through February and March, highlighted by a clear breakout above a well-defined descending channel. Price is now trading above the 30-day SMA. Recent price action shows a strong upward move followed by consolidation around 1.34240, suggesting buyers are trying to establish support at this level.



A drop back below 1.33262 and into the previous channel would signal a false breakout and likely shift price back toward the 1.32000 area. Overall, the trend is transitioning from bearish to neutral/bullish, with confirmation depending on a sustained move above recent highs near 1.34500, while prudent risk management suggests placing stop-losses below 1.33262 or the 30-day SMA.
Back to articles

Actual Topics

Mon, 13 Apr 2026 10:35:13 GMT

USD/SGD 1H Technical Outlook: Bearish Trend with Consolidation Near Key Support

For USD/SGD, the market is exhibiting a clear bearish structure following a sharp decline from above 1.2840 to around 1.2718, with both the 100 and 200 SMAs sloping downward and price trading below them, reinforcing negative medium- to long-term sentiment while also acting as dynamic resistance, as seen when a recent recovery attempt was rejected near the 1.2780 region.

Fri, 10 Apr 2026 08:52:41 GMT

AUD/JPY Technical Outlook

On the 4 hour chart, AUD/JPY has shifted from a prior downtrend into a strong bullish reversal after breaking out of a descending channel and rallying sharply from around 109.420. The price is now trending upward with a steep structure, holding above the rising 20-period SMA, which acts as dynamic support, while nearby horizontal support at 111.374 is a key

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.