GBP/USD reaches September low levels

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


On Friday morning, the GBP/USD currency pair reached the zone of the September and October low levels at 1.3413/1.3433.

A passing of the support zone at 1.3413/1.3433 would leave the pair with no close by technical support on the hourly candle chart. The pair could look for support in round exchange rate levels as the 1.3400 and 1.3350. However, take into account that at the start of next week new weekly pivot points will impact the pair. Namely, support levels could be placed in the range from 1.3400 to 1.3350.

Meanwhile, a recovery of the rate might find resistance in the weekly S3 simple pivot point at 1.3466. Higher above, the rate could encounter the weekly S2 simple pivot point at 1.3567, which could be strengthened by the 50-hour simple moving average.
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Fri, 05 Nov 2021 12:06:16 GMT

USD/JPY tests resistance of SMAs

The USD/JPY currency pair has revealed that it respects the support of the 113.51/113.56 zone. Namely, the rate has found support in this range two times and recovered from it. Meanwhile, since Thursday, the pair has been kept down by the combined resistance of the weekly simple pivot point and the 50, 100 and 200-hour simple moving averages from 113.88

Fri, 05 Nov 2021 11:42:39 GMT

EUR/USD looks for support

Since the middle of Thursday's European trading hours, the EUR/USD currency exchange rate has been trading above or in the zone of the October low levels at 1.1525/1.1538. In the case that the rate passes the October low levels at 1.1525/1.1538, the pair could look for support in the 1.1500 mark. In addition, note the weekly S1 simple pivot

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