GBP/USD meets resistance

Note: This section contains information in English only.
Source: Dukascopy Bank SA
By the middle of Monday's GMT trading hours, the GBP/USD reached and bounced off the resistance of the 55-hour SMA and a 50.00% Fibonacci retracement level at 1.2420. In the near term future, the rate is expected to once again make an attempt to pass the support of the monthly simple pivot point at 1.2346. 

Afterwards, the rate could trade sideways above the pivot point and below the resistance of the Fibo and hourly simple moving averages. However, if the support of the pivot point fails, the rate could continue its decline and reach for the weekly S1 simple pivot point at 1.2234.
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Mon, 22 Jun 2020 11:07:00 GMT

USD/JPY trades sideways

The USD/JPY has continued to trade in the range between the 106.80 and 107.00 levels. In theory, any sideways trading ends. It can end by surging or declining. 

Mon, 22 Jun 2020 10:38:57 GMT

EUR/USD bounces off trend line

During early Monday's GMT trading hours, the EUR/USD currency exchange rate bounced off the support of the lower trend line of a descending pattern. It resulted in a surge, which by the middle of the day's trading had reached above 1.1220.  

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