GBP/USD tests June low levels

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


On Monday morning, the GBP/USD reached the June low level zone at 1.4075/1.4085. The near term future was dependent on what would happen at this level.

In the case of the rate passing the support zone of the June low levels, the rate would most likely immediately find support in the weekly S1 simple pivot point at 1.4062. Afterwards, an extension of the decline could eventually reach the support of the weekly S2 simple pivot point at 1.4000.

On the other hand, if the support zone holds, the rate could recover. A recovery could find resistance in the 1.4126/1.4144 zone. In that zone the weekly simple pivot point and the 55, 100 and 200-hour simple moving averages would provide resistance.
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Mon, 14 Jun 2021 09:39:49 GMT

USD/JPY reaches above technical levels

On Friday, the USD/JPY managed to reach above the resistance of the 55, 100 and 200-hour simple moving averages. In the meantime, a channel up pattern was spotted on Monday. The pattern could continue to guide the rate up in the medium term future. On Monday morning, the rate was located at the support of the 200-hour simple moving average near

Mon, 14 Jun 2021 09:14:39 GMT

EUR/USD reaches below 1.2100

On Monday morning, the EUR/USD started the week's trading by fluctuating near the 1.2100 mark. Note that the Friday's drop passed the support of the June low level and reached below the 1.2100 level. Due to that reason, an extension of the decline is possible. In the near term future, the rate could trade sideways until it reaches the resistance

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