GBP/USD returns to 1.3400

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Source: Dukascopy Bank SA


Before reaching the 1.3350 mark, the GBP/USD started a recovery. Namely, the pair retraced back up to the combined resistance of the previously passed low level zone at 1.3410/1.3430, the 50-hour simple moving average and the 1.3400 level.

If the GBP/USD resumes its decline, it could look for support in the 1.3350 level. Afterwards, the 1.3300 mark could serve as a support level. If both round exchange rate levels get passed, the pair could look for support in this week's weekly S2 simple pivot point at 1.3268.

However, a potential passing of the resistance zone at 1.3410/1.3430 might result in the rate reaching the 100-hour simple moving average near 1.3475. Above the SMA, the 1.3500 mark could act as resistance.
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Fri, 12 Nov 2021 14:59:27 GMT

USD/JPY finds resistance in November high zone

The USD/JPY eventually passed the resistance of the weekly R1 simple pivot point at 114.15. The event was followed by a test of the resistance zone of the November high levels at 114.20/114.30. On Friday morning, the zone provided enough resistance for a decline to begin. By the middle of the day, the decline had pierced the 114.00 mark and

Fri, 12 Nov 2021 14:44:25 GMT

EUR/USD passes retracement level

The EUR/USD eventually passed the support of the 50.00% Fibonacci retracement level at 1.1455. Afterwards, the rate retraced back up to the 1.1455 level and confirmed it as a resistance three times. At mid-day on Friday, it appeared that the pair was set to continue its decline. A potential target for the decline would be the weekly S3 simple pivot

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