GBP/USD reaches high level zone

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Source: Dukascopy Bank SA


At mid-day on Thursday, just as the US markets were about to open, the GBP/USD currency exchange rate reached the resistance zone of early February high levels at 1.3620/1.3629

If the Pound passes the 1.3620/1.3629 zone against the US Dollar, a surge could almost immediately encounter additional resistance. Note the 1.3640/1.3644 zone, which captures the February 10 high levels. In addition, the weekly R1 simple pivot point was located at 1.3646. Higher above, most close by technical resistance was the weekly R2 simple pivot point at 1.3722.

However, a decline of the pair might look for support in the weekly simple pivot point and the 50, 100 and 200-hour simple moving averages in the 1.3551/1.3568 range.
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Thu, 17 Feb 2022 14:27:25 GMT

USD/JPY retreats below 115.00

At mid-day on Thursday, the USD/JPY currency exchange rate reached below the mid-February low level zone and the 115.00 mark. However, the event did not result in a follow-up decline, as the pair found support in the weekly S1 simple pivot point at 114.89. If the US Dollar passes below the 114.89 level against the Japanese Yen, the rate could look

Thu, 17 Feb 2022 14:11:12 GMT

EUR/USD remains below 1.1400

The resistance of the 1.1400 mark, the weekly simple pivot point and the 200-hour simple moving average held on Wednesday. On Thursday, the EUR/USD currency exchange rate retreated and shortly traded below the 1.1350 mark. By the start of the day's US trading hours, the pair fluctuated between the 1.1350 and 1.1380 levels. A decline below the 1.1350 mark and

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