GBP/USD reveals pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Tuesday, the GBP/USD declined and with it revealed a channel up pattern, which has guided the rate since the second part of March. In the meantime, the rate appeared to respect the support of the 1.3800/1.3820 zone. In addition, at mid-day on Tuesday, the rate started to respect the resistance of the 55-hour simple moving average.

In the case of a recovery of the rate, the GBP/USD would test the resistance of the 55-hour SMA at 1.3855. Afterwards, the weekly R1 at 1.3890 could provide resistance. In addition, the 1.3900 mark might keep the rate down.

On the other hand, a potential decline would find support in the 100-hour SMA at 1.3834, the 1.3800/1.3820 zone and the weekly simple pivot point and the 200-hour SMA at 1.3800.
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Tue, 06 Apr 2021 14:34:23 GMT

USD/JPY drops below 110.00

At mid-day on Tuesday, the USD/JPY passed the support of the 200-hour simple moving average, which kept the rate up since the middle of Friday. During the day's US trading hours, the rate was finding support in technical levels near 109.80. Support was being provided by the weekly S1 simple pivot point at 109.76 and the 61.80% Fibonacci retracement level

Tue, 06 Apr 2021 14:08:04 GMT

EUR/USD tests resistance zone

On Tuesday, the EUR/USD reached the zone at 1.1835/1.1845 that slowed down the rate's surge in late March and managed to reverse the early March decline. In addition, this zone was being strengthened by the weekly R1 simple pivot point at 1.1848. In the case of the resistance levels holding, the pair would most likely decline to the 1.1820 level,

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