GBP/USD declines prior to Brexit vote

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The volatility of the GBP/USD has once more increased, as the UK Parliament is set to vote on the Brexit deal that Theresa May has agreed upon with the European Union.

Meanwhile, from a technical analysis perspective the currency exchange rate is expected to decline, as it has no technical support as low as the 1.2680 mark. At that level the lower trend line of a horizontal pattern is located at.  

Although, traders can be sure that during the Parliament debate and the vote, the rate will ignore all technical indicators, as fundamental changes of this scale overpower everything.
Back to articles

Actual Topics

Mon, 10 Dec 2018 10:06:23 GMT

USD/JPY stands at significant level at 112.70

The USD/JPY surged on Monday up to the resistance levels near the 112.70 mark. In general, the rate has two possible scenarios.  The pair could break through the resistance levels and surge to the 100-hour simple moving average at the 112.80 level and afterwards pass it to surge to the weekly pivot point at 112.93.  On the other hand the rate might

Mon, 10 Dec 2018 09:55:02 GMT

EUR/USD breaks dominant resistance

During the late part of Friday's trading session the EUR/USD managed to break the resistance of the dominant descending channel pattern at the 1.1400 level. The event increased volatility, which lasted into the second half of Monday's trading. 

Subscribe to "Fundamental Analysis" feed

Souscrire
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.