GBP/USD bounces off weekly high

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Source: Dukascopy Bank SA


On Thursday, the GBP/USD bounced off the week's high level zone at 1.3640/1.3650. On Friday morning, the rate was looking for support in the 55 and 100-hour simple moving averages at 1.3600.

A passing of the support of the 55 and 100-hour SMAs and the 1.3600 level would most likely result in a decline to the weekly simple pivot point at 1.3563 and the 200-hour SMA at 1.3559. Below these levels, there is no technical support as low as 1.3397.

However, if the pair starts a surge, it would once again test the week's high level zone at 1.3640/1.3650. Above this zone, the weekly R1 simple pivot point at 1.3714 might act as resistance.
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Fri, 08 Oct 2021 07:41:28 GMT

USD/JPY could reach 112.00

At midnight to Friday, the USD/JPY currency exchange rate passed the October 6 high level near 111.80. On Friday morning, the currency exchange rate had almost reached the 112.00 mark. Note that the zone above the 112.00 level at 112.05/112.10 might once again act as resistance, as it did on September 29 and 30. A move above the 112.05/112.10 level might

Fri, 08 Oct 2021 06:56:16 GMT

EUR/USD finds resistance in SMA

The recovery of the EUR/USD found resistance on Thursday in the 55-hour simple moving average. On Friday morning, the rate was being pushed down by the SMA into the support of the weekly S1 simple pivot point at 1.1532. If the EUR/USD passes the support of the weekly S1 simple pivot point, the rate might find support in the round

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