GBP/USD recovery encounters resistance

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


Since encountering resistance in the form of the 1.0900 level up to mid-Tuesday, the GBP/USD pair had confirmed the weekly S1 simple pivot point at 1.0637 as support and recovered to the combined resistance of the 1.0800 level and the 50-hour simple moving average.

A move above 1.0800 is expected to once again find resistance in the 1.0900 level. Higher above, the 1.1000 mark could slow down a recovery, before the pair reaches the combination of the 1.1050 level, the weekly simple pivot point at 1.1049 and the 100-hour simple moving average.

Meanwhile, a decline of the Pound against the US Dollar below the weekly S1 simple pivot point at 1.0637. Further below, the 1.0600 and 1.0500 levels are expected to act as support.
Back to articles

Actual Topics

Tue, 27 Sep 2022 09:42:37 GMT

USD/JPY reaches pre-intervention resistance zone

The recovery of the USD/JPY pair has reached the 144.70/145.00 zone, which had acted as resistance for most of September. Once the zone was broken last week, the Bank of Japan intervened in the market. A move above the 145.00 level might result in the rate finding resistance in the 145.50 and 145.75 levels. However, it is currently unclear at which

Tue, 27 Sep 2022 09:13:08 GMT

EUR/USD fluctuates in 0.9600/0.9700 range

The EUR/USD currency pair has revealed that it finds support in the 0.9600 level and resistance is provided by the 0.9700 mark. In the meantime, it was spotted on Tuesday morning that the pair was approached from above by the additional resistance of the 50-hour simple moving average. In the case of the 50-hour SMA pushing the rate down, the

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.