GBP/USD reaches high level zone

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Source: Dukascopy Bank SA


The GBP/USD currency exchange rate has reached the December high level zone at 1.3277/1.3289. At mid-day on Wednesday, the rate appeared to have been retracing down after encountering resistance. The pair was expected to reach the combined support of the weekly simple pivot point at 1.3243 and the 50, 100 and 200-hour simple moving averages near 1.3230.

A potential move below the weekly simple pivot point and the 50, 100 and 200-hour simple moving averages at 1.3230 might result in a decline to the supporting trend line, which connects the December low levels, near 1.3210. Further below, the 1.3200 mark and the weekly S1 simple pivot point at 1.3196 could act as support.

However, a surge would have to pass the 1.3277/1.3289 zone, before aiming at the 1.3300 mark and the weekly R1 simple pivot point at 1.3324.
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Wed, 15 Dec 2021 14:15:37 GMT

USD/JPY tests resistance zonce

The support of the 200-hour simple moving average held on Tuesday. The SMA caused a surge, which by the middle of Wednesday had reached the resistance zone of the December high level zone at 113.88/113.96. In addition, the weekly R1 simple pivot point was located in the zone at 113.95. A passing of the resistance of the December high zone at

Wed, 15 Dec 2021 13:10:09 GMT

EUR/USD reaches below low level zone

On Tuesday, the EUR/USD shortly reached below the recent low level zone and the 1.1260 level. However, the rate found support in the 1.1255 level before retracing up to the 50-hour simple moving average near 1.1280. A decline from the 50-hour simple moving average and a passing of the 1.1260 and 1.1255 levels could result in a test of the

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