GBP/USD tests resistance zone

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


By the middle of Wednesday's European trading hours, the GBP/USD currency exchange rate was testing the resistance of the zone above the 1.3920 level, which already stopped the rate's May 3 sharp surge.

If the rate passes the resistance zone from 1.3920/1.3932, the rate could reach for the April high level at 1.3975. In the case of the 1.3975 mark being passed, the rate could once again reach the 1.4000 level.

On the other hand, a potential decline could look for support in the 55, 100 and 200-hour simple moving averages below the 1.3900 level. In addition, a supporting trend line has been pushing the rate up throughout May.
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Wed, 05 May 2021 14:00:27 GMT

USD/JPY tests 109.50 level

Since early Tuesday's European trading hours, the US Dollar has been testing the 109.50 level against the Japanese Yen. In the meantime, the rate has been finding support in the 55 and 100-hour simple moving averages, which have been slowly moving higher. In the case of the rate passing the resistance of the 109.50 level, the USD/JPY currency exchange rate could

Wed, 05 May 2021 13:10:07 GMT

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