GBP/USD fails at surging

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Source: Dukascopy Bank SA


On Tuesday, the GBP/USD made another attempt to pass the zone above the 1.3900 mark. In the meantime, the rate revealed on Monday that the zone near 1.3840 manages to provide support.

In the near term future, the pair could be pushed up by the support of the 55, 100 and 200-hour simple moving averages. A potential surge could once again test the resistance of the 1.3900 zone. A passing of the zone could result in the rate reaching the weekly R1 simple pivot point at 1.3963.

Meanwhile, a decline would look for support in the 1.3840 level, which reversed the pair's Monday decline. A decline below the 1.3840 mark could look first for support in the 100 and 200-hour SMAs. Afterwards, the weekly S1 at 1.3796 could provide support.
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Tue, 13 Jul 2021 08:37:04 GMT

USD/JPY passes resistance levels

During Monday's trading, the USD/JPY broke the resistance of the 100-hour simple moving average and the weekly simple pivot point near 110.30. However, it did not result in an extended surge, as the currency exchange rate began to fluctuate sideways in the 110.30/110.50 range. If the rate ends the sideways trading by surging, it would encounter resistance near 110.65 where the

Tue, 13 Jul 2021 07:52:51 GMT

EUR/USD remains below 1.1900

Despite not facing any technical resistance on Monday, the EUR/USD currency exchange rate did not surge. The pair's attempt at moving higher on the chart was stopped by the 1.1880 level. The rate made two attempts to reach above the 1.1880 level before declining and finding support in the 100-hour simple moving average. On Tuesday, the currency exchange rate fluctuated

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