GBP/USD tests resistance zone

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


Since the middle of Tuesday's trading hours, the currency pair has been testing a resistance zone at 1.2035/1.2055. In the meantime, minor support appeared to be found in the 1.2000 mark.

If the Pound manages to break the resistance zone of 1.2035/1.2055 against the US Dollar, the pair might encounter resistance in the 1.2100 and 1.2150 levels, prior to reaching the weekly R1 simple pivot point at 1.2163.

On the other hand, a decline of the currency exchange rate might find additional support in the 50-hour simple moving average at 1.1985. Further below note the zone at 1.1960/1.1970. Even further below, the combination of the 100 and 200-hour simple moving averages near 1.1920 are likely to act as suport.
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Wed, 20 Jul 2022 07:49:25 GMT

USD/JPY finds support in moving average

The USD/JPY eventually passed below the support zone at 137.70/137.90. However, support was almost immediately found in the combination of the 137.50 level and the 200-hour simple moving average. The event resulted in a recovery above 138.00. During the early hours of Wednesday's trading hours, the pair was fluctuating between the weekly simple pivot point at 137.90 and the resistance

Wed, 20 Jul 2022 07:02:58 GMT

EUR/USD reaches above 1.0250

The EUR/USD managed to reach above the 1.0190/1.0220 zone and the 1.2050 mark. Resistance was eventually found in the 1.2070/1.2080 zone. Afterwards, a decline to the 1.2020 level occurred and the previous resistance became support. During early Wednesday's trading, the pair was fluctuating between the 1.0220 and 1.0250 levels. If the rate resumes its surge, it would face the resistance

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