GBP/USD remains near 1.2350

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


Since the middle of Monday's trading, the GBP/USD currency pair has remained almost flat, as it trades in the 1.2300/1.2375 range. In the meantime, previous forecasts remained valid.

If the rate declines below the 1.2300 mark, the pair could find support in the 2020 July low level at 1.2260. Further below, support is highly likely going to be provided by the 1.2250 mark and the weekly S1 simple pivot point at 1.2197 together with the 1.2200 level.

Meanwhile, a recovery of the Pound against the US Dollar would have to pass the 1.2400 mark and the 100-hour simple moving average, before approaching the April low levels at 1.2413/1.2423, the weekly simple pivot point at 1.2417.
Back to articles

Actual Topics

Tue, 10 May 2022 14:31:16 GMT

USD/JPY reveals resistance and support

Despite reaching below the 130.00 mark, the USD/JPY did not decline during the first half of Tuesday's trading hours. The rate revealed a support zone at 129.78/129.86. Meanwhile, resistance was being provided by the 130.50/130.58 zone and the 50-hour simple moving average. The sideways trading could be explained with the markets expecting the upcoming US Consumer Price Index data on

Tue, 10 May 2022 14:01:52 GMT

EUR/USD remains near previous levels

Since the middle of Monday's trading hours, the EUR/USD currency exchange rate has been trading around the 1.0560 mark. Short term support is being found in the 1.0540 mark and resistance is provided by the 1.0580 level. Meanwhile, previous forecasts remained valid. If the pair declines, the 1.0500 is expected to act as support, before the last week's low level

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.