GBP/USD looks for support

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


On Wednesday, the GBP/USD currency exchange rate retreated to the support of the previous May high levels at 1.4160/1.4170. In addition, this zone was being strengthened by the 55-hour simple moving average, which was catching up with the rate.

In the case that the rate passes the previous May high support zone at 1.4160/1.4170, the currency exchange rate could decline to the 100-hour simple moving average at 1.4110. Afterwards the pair could aim at the 1.4100 mark with the 200-hour simple moving average.

If the currency pair recovers and starts a surge, it would most likely once again test the resistance of the 1.4220 level, which reversed the pair on Tuesday. A scenario in which the rate would pass the 1.4220 mark could result in the GBP/USD reaching for the 1.4250 level.
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Wed, 19 May 2021 09:36:08 GMT

USD/JPY recovers on Wednesday

At mid-day on Wednesday, the USD/JPY currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages at 109.10. Previously, the rate's decline found support in the 108.85 level, which kept the rate from declining throughout most of Tuesday. In the near term future, the rate was expected to test the resistance of the weekly simple pivot point

Wed, 19 May 2021 09:00:29 GMT

EUR/USD continues to surge

On Wednesday morning, the EUR/USD currency exchange rate touched the 1.2245 level. However, the rate began a retracement down in the aftermath. Potential support could be provided by the 1.2200 mark and the weekly R1 simple pivot point at 1.2201. If the rate passes the support of the 1.2200 level, the pair could reach the 55-hour simple moving average at

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