GBP/USD surge encounters resistance

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


The GBP/USD currency exchange rate's surge has encountered resistance at 1.3605/1.3610. This zone proved that it can impact the pair during the first trading sessions of November.

If the resistance zone of 1.3605/1.3610 holds, a decline of the rate might occur. A potential move down could find support in the 100-hour simple moving average at 1.3555. Below the 100-hour SMA, the weekly simple pivot point at 1.3543 might act as support. In the case of the pivot point failing, the 50-hour SMA near 1.3525 might stop a decline.

On the other hand, a move above the resistance zone would almost immediately encounter the resistance of the 200-hour simple moving average at 1.3626. Above the SMA, the weekly R1 simple pivot point at 1.3661 might provide resistance.
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Tue, 09 Nov 2021 12:25:31 GMT

USD/JPY trades below 113.00

On Monday, the decline of the USD/JPY currency pair reached below the support of the 113.00 mark, which was strengthened by the weekly S1 simple pivot point. On Tuesday, the rate retraced back up and confirmed the 113.00 level as a resistance. Namely, the pair moved back up and bounced off the 113.00 mark. If the rate continues to decline, the

Tue, 09 Nov 2021 11:57:55 GMT

EUR/USD reaches above 1.1600

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