GBP/USD reaches above 1.3600 mark

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


On Tuesday, the GBP/USD currency exchange rate managed to pass the resistance of the 1.3600 mark. However, almost immediately resistance was provided by the 1.3620 level. The resistance held and a minor decline occurred. By the start of Tuesday's US trading hours the pair had retraced to the 100-hour simple moving average near 1.3560.

If the pair passes below the support of the 100-hour simple moving average, a potential decline could follow. The decline might look for support in the weekly simple pivot point at 1.3542 and the 200-hour simple moving average near 1.3540.

On the other hand, a recovery of the GBP against the USD might aim at the 1.3600 and 1.3620 levels, before reaching the weekly R1 simple pivot point at 1.3650.
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Tue, 11 Jan 2022 15:17:38 GMT

USD/JPY shortly trades outside pattern

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Tue, 11 Jan 2022 14:25:48 GMT

EUR/USD finds support and recovers

On Monday, the EUR/USD found support in the 1.1285/1.1287 zone. The zone has been acting as support since early January 6 trading hours. By the middle of Tuesday's trading hours, the rate had recovered and encountered resistance at the 1.1350 level. At the start of US trading hours at 14:30 GMT, the pair had retreated to the 1.1320 level.

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