GBP/USD trades below 1.4200

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Source: Dukascopy Bank SA


On Monday, the GBP/USD traded below the 1.4200 mark, which provided resistance. In the meantime, support was being provided by the 100 and 200-hour simple moving averages near 1.4160.

In the case of the rate surging, it would once again test the resistance of the 1.4200 mark. A passing of this level would encounter resistance in the zone above the 1.4220 level.

On the other hand, a failure of the 100 and 200-hour SMAs to provide support could result in a decline to the weekly S1 simple pivot point at 1.4119.
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Mon, 31 May 2021 11:20:11 GMT

USD/JPY broke 110.00 level

On Friday, the USD/JPY broke the resistance of the 110.00 mark and touched the 110.20 level. However, a surge did not follow, as the rate declined. On Monday, the rate was located near the 109.70 level. In the case of the rate declining in the near term future, the pair could reach for the support of the weekly simple pivot point

Mon, 31 May 2021 11:01:49 GMT

EUR/USD pierced support zone

The EUR/USD pierced the late May support zone above the 1.2160 level on Friday. However, almost immediately the rate returned to trading near the 1.2000 level. On Monday morning, the rate fluctuated in limbo around the round exchange rate level. In the near term future, the rate could decline, as it faced the resistance of the 100 and 200-hour simple

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