GBP/USD passes support cluster

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


On Wednesday morning, the GBP/USD currency exchange rate passed the support of the 1.3770/1.3785 zone. The zone had kept the rate from declining since the middle of Tuesday's trading.

In regards to the near term future, the currency exchange rate was expected to decline to the support of the weekly S2 simple pivot point. However, support could be provided by the 1.3700 mark or another round exchange rate level.

On the other hand, a potential recovery would face the resistance of the 1.3770/1.3785 zone. Above the zone, the 55 and 100-hour simple moving averages were providing resistance at 1.3815 and 1.3825.
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Wed, 08 Sep 2021 08:22:58 GMT

USD/JPY broke resistance at 110.25

The USD/JPY managed to pass the 110.00 level and surged on Tuesday. During the surge, the rate passed the resistance of the 110.25 level and the weekly R1 simple pivot point. On Wednesday morning, the surge had touched the 110.45 level before the rate retraced back down. If the decline of the pair continues, the rate could look for support

Wed, 08 Sep 2021 08:00:47 GMT

EUR/USD continues to decline

On Tuesday, the EUR/USD eventually passed the support of the weekly simple pivot point at 1.1858. By the middle of Wednesday's European trading hours, the pair had reached the 1.1830 level. In the case that the decline of the EUR/USD continues, the currency exchange rate would most likely aim at the weekly S1 simple pivot point at the 1.1806 level.

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