GBP/USD breaks pattern

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


On Monday morning, the GBP/USD currency exchange rate broke the large scale channel down pattern, which had guided the rate since the start of July.

In the near term future, the surge of the rate could reach for the resistance of the 1.3800 mark, which provided both resistance and support throughout July. Afterwards, the weekly R1 simple pivot point at 1.3835 could provide resistance.

Meanwhile, a decline could find support in the combination of the 55 and 200-hour simple moving averages near 1.3750.
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Mon, 26 Jul 2021 10:07:53 GMT

USD/JPY finds support in SMA

The USD/JPY currency exchange rate has broken the channel up pattern, which guided it throughout last week. On Monday morning, the rate found support in the 100-hour simple moving average and appeared to have paused the decline that started in the aftermath of the breaking of the channel up pattern. In the case of a surge, the pair would need to

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