GBP/USD trades above 1.3915

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Source: Dukascopy Bank SA


On Monday, the GBP/USD started the week with an extension of Friday's surge. Namely, the rate confirmed previous resistance near 1.3800 as support and resumed the surge that started just before mid-day on Friday.

In the near term future, the rate was expected to continue to surge, as it had passed the resistance near 1.3900. Next target for a surge was the 1.3950 level and afterwards, the 1.3967 mark.

On the other hand, the rate could consolidate by trading above the support of the 1.3900 mark.
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Mon, 19 Apr 2021 11:29:56 GMT

USD/JPY drops to 108.00

On Monday morning, the USD/JPY dropped below the support of the 108.63 level, which kept the rate up during the last week. This resulted in a sharp move down that by the middle of Monday's trading reached the 108.00 mark. In the near term future, the rate was expected to consolidate by retracing back up to the resistance levels near 108.35

Mon, 19 Apr 2021 11:15:49 GMT

EUR/USD jumps on Monday

At the start of Monday's trading, the EUR/USD started a surge, which by the middle of the day had almost reached the 1.2050 mark. The surge started in the aftermath of the rate finding support in the zone below the 1.1950 mark. In the case of the surge continuing, the pair could find resistance in the weekly R2 simple pivot

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