GBP/USD tests high levels

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


At mid-day on Friday, the GBP/USD currency exchange rate was testing the resistance of the February high level at 1.3645 and the weekly R1 simple pivot point at 1.3646. In the meantime, the pair was being approached by the 50-hour simple moving average, which had been pushing the pair up since Wednesday.

If the pair reaches above the 1.3650 level, the pair could find resistance in the 1.3700 mark, before reaching the weekly R2 simple pivot point at 1.3722.

On the other hand, a decline would have to pass the support of the 50-hour simple moving average and the 1.3600 mark. Further below, support might be found in the 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.3560/1.3568.
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Fri, 18 Feb 2022 12:46:07 GMT

USD/JPY recovers on Friday

The USD/JPY currency exchange rate found support in the 114.80 level at GMT midnight to Friday. The event resulted in a surge, which was stopped by the 50-hour simple moving average near the 115.20 mark. A move above the 50-hour simple moving average might find resistance in the 100-hour simple moving average near 115.40, before reaching the upper trend line

Fri, 18 Feb 2022 12:28:35 GMT

EUR/USD finds support in low level trend line

At mid-day on Friday, the EUR/USD currency exchange rate was finding support in the trend line, which connects the week's low levels. Meanwhile, it was spotted that the hourly simple moving averages could shortly impact the currency pair. If the currency pair declines below the supporting trend line, the 100-hour simple moving average and the 1.1350 mark, a potential decline

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