GBP/USD reaches 1.3680 level

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


On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. The GBP/USD currency exchange rate reacted by sharply moving to the 1.3680 mark, which at 14:00 GMT appeared to have stopped the jump.

In the case that the GBP passes the 1.3680 level against the US Dollar, the currency exchange rate could look for resistance in the 1.3700 mark. Afterwards, the weekly R2 simple pivot point at 1.3709 might act as resistance. Above the R2, there is no technical resistance as high as the 1.3820 level, where the R3 simple pivot point is located.

Meanwhile, a potential decline would most likely look for support in the weekly R1 simple pivot point at 1.3652 and the 1.3650 mark, before aiming at the 50 and 100-hour simple moving averages and the 1.3600 level.
Back to articles

Actual Topics

Wed, 12 Jan 2022 14:15:47 GMT

USD/JPY bounces off trend line

As the USD/JPY currency exchange rate was testing the resistance of the descending January high levels near 115.50, the US Consumer Price Index data was published. Namely, on Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. A decline of the USD/JPY currency exchange rate could eventually reach

Wed, 12 Jan 2022 13:52:33 GMT

EUR/USD jumps due to US CPI

On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. The data beat the forecasts, as the US CPI came in at 0.5% instead of the forecast 0.4%. Meanwhile, the US Core CPI was revealed to be 0.6%, compared to the expected 0.5%. The event pushed

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.