GBP/USD reaches above resistance

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


The GBP/USD pair has revealed a support zone at 1.1717/1.1756. The zone captures this week's low levels. In the meantime, on Thursday morning, the rate reached above the resistance of the 100-hour simple moving average and the 1.1850 level.

A continuation of the Pound's recovery against the US Dollar might encounter resistance in the 1.1900 mark, the weekly simple pivot point at 1.1921 and the 200-hour simple moving average. Higher above, note the 1.2000 mark, which had acted as support in early August.

On the other hand, a decline of the currency exchange rate would look for support in the 1.1800 mark, which is strengthened by the 50 and 100-hour simple moving averages. Further below, note the 1.1717/1.1756 zone.
Back to articles

Actual Topics

Thu, 25 Aug 2022 08:29:06 GMT

USD/JPY remains near 136.50

During the second part of Wednesday's trading, the USD/JPY failed to reach the 137.45/137.70 range, as it bounced off the 137.20 level and started a decline. On Thursday morning, the pair was located near the 136.50 level. In general, the situation remains unchanged, as the markets expect news from the central banker symposium in Jackson Hole Wyoming. If the US Dollar

Thu, 25 Aug 2022 07:47:22 GMT

EUR/USD reaches above 1.0000

On Thursday morning, the EUR/USD rate reached above the resistance zone of 0.9990/1.0020. In general, the markets were experiencing a broad decline of the US Dollar, which was attributed to the incoming central bank meeting in Jackson Hole, Wyoming. An extension of the Euro's recovery, compared to the US Dollar might encounter resistance in the 1.0050 mark, the 200-hour

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.