GBP/USD remains below 1.2760

Source: Dukascopy Bank SA
On Tuesday morning, the GBP/USD continued to test the resistance of the 1.2760 level. Meanwhile, note that the rate had retraced down to the 55-hour SMA, where it found support for the most recent surge.

In general, the rate is expected to pass the 1.2760 level, as soon as the lower trend line of the junior ascending channel pattern is reached. This event most likely will be consistent with another approach of the support of the 55-hour simple moving average. 

On the other hand, if the support levels fail, the rate will have only the support of the 100-hour SMA, which on Tuesday was located at the 1.2694 level.
Back to articles

Actual Topics

Tue, 25 Jun 2019 07:01:57 GMT

USD/JPY drops below 107.00

The USD/JPY has dropped below the 107.00 level. On Tuesday morning, the drop was stopped by the lower trend line of a large scale descending channel pattern at 106.80. 

Tue, 25 Jun 2019 06:47:55 GMT

EUR/USD reaches target

The EUR/USD has reached the previously set target. The monthly pivot point at 1.1410 has been reached on Tuesday morning.

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.