GBP/USD respects moving averages

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


The GBP/USD failed to pass the combined resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 1.4120/1.4138 zone. On Tuesday, the rate had retreated to the support zone of the June low levels.

If the rate passes the support of the June low levels, it would most likely reach the support of the weekly S1 simple pivot point at 1.4062. Below it, the 1.4050 mark could provide support.

On the other hand, a potential surge would have to once again test the 1.4120/1.4138 zone with the hourly simple moving averages and the weekly simple pivot point.
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Tue, 15 Jun 2021 09:57:15 GMT

USD/JPY reaches above 110.00

The USD/JPY currency exchange rate found enough support in the 200-hour simple moving average to surge above the resistance of a channel up pattern's upper trend line, the weekly R1 simple pivot point at 109.97 and the 110.00 mark. On Tuesday morning, the rate retraced down to the 110.00 level and confirmed it as support by bouncing off it. In the

Tue, 15 Jun 2021 09:40:53 GMT

EUR/USD breaks pattern

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