GBP/USD remains near 1.2700 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Friday, the GBP/USD traded still below the 1.2700 level, which continued to provide resistance. 

However, the rate had retreated down to the lower trend line of a medium scale ascending pattern, which has been guiding the pair through the last couple of months. 

Due to that reason it is expected that throughout the next week the rate will continue its surge, as it is highly unlikely that fundamental Brexit events will take place during the Christian holiday week. 

Meanwhile, note that Dukascopy Analytics will be off during the next week. No technical or fundamental analysis articles will be created by the team.
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Fri, 21 Dec 2018 09:38:10 GMT

USD/JPY is expected to trade sideways

The USD/JPY continued its decline until the rate almost reached the 111.80 level. That point suddenly forced a retracement of the currency exchange rate. By using this point new descending patterns were drawn.

Fri, 21 Dec 2018 09:08:34 GMT

EUR/USD reveals ascending pattern

The EUR/USD currency exchange rate has revealed an ascending channel pattern. The pattern represents the rate's surge following the bounce off from the lower trend line of a dominant descending pattern. 

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