GBP/USD Technical analysis

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


Currently, GBP/USD is trading around the 1.25000 price level. The currency pair has been trading within a descending channel since October. If a breakout of the descending channel occurs, the inflection point could be considered for the currency pair, possibly testing the 1.28800 price level.

Rejection of the 1.27000 price level would continue the downtrend within the descending channel pattern. If the inflection point is delayed, the 1.25000 price level would act as support. If the 1.25000 level is breached, further price discovery towards 1.23000 is plausible.

The 30-day RSI reflects the price momentum of the currency pair over a 30-day period. A shift in price momentum for GBP/USD can be considered a positive signal for a breakout from the descending channel pattern.
Back to articles

Actual Topics

Wed, 11 Dec 2024 09:21:26 GMT

USD/JPY Technical Analysis

USD/JPY currently is trading above 150.000 above, testing 152.1800 resistance level, if breakout follows, next price level resistances are 153.5500, 154.7550. If USD/JPY successfully breaks above 152.1800, the bullish momentum could drive the price towards 153.5500 and 154.7550. Traders will be watching closely for confirmation of a breakout or any signs of reversal at these key resistance levels. In

Tue, 26 Nov 2024 11:15:03 GMT

Natural gas prices reach 56 week high

Natural Gas price has seen significant increase in price. In the last two weeks Nat gas prices rose by more than 30%. Upcoming winter season could bring higher demand in the energy market, if weather conditions in the northern hemisphere bring colder temperatures during this season. The 200-hour, 100-hour, and 50-hour simple moving averages on the 4-hour time frame suggest

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.