GBP/USD ignores technical levels

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


On Wednesday, the GBP/USD found support in the 1.3730 level and started a surge. The surge ignored most technical levels or broke their resistance with ease. By the middle of Thursday's European trading hours, the rate had reached the 100-hour simple moving average near 1.3810.

If the pair passes the resistance of the 100-hour simple moving average, it would first aim at the weekly simple pivot point at the 1.3833 level. Above the pivot point, the rate could find resistance at 1.3845. The rate bounced off the 1.3845 level on Monday.

On the other hand, if the GBP/USD drops, it could look for support in the 200-hour SMA at 1.3795, 55-hour SMA at 1.3784 and the weekly S1 simple pivot point at 1.3773. However, note that these levels failed to stop the rate from declining on Wednesday.
Back to articles

Actual Topics

Thu, 09 Sep 2021 09:15:13 GMT

USD/JPY continues to decline

Wednesday's decline of the USD/JPY currency exchange rate continued on into Thursday's early trading hours. By the middle of the day's European trading hours, the pair had reached below the 110.00 mark and the weekly simple pivot point at 109.92. A potential target for the decline was the 109.60 level, which provided the pair with support on September 3. However, the

Thu, 09 Sep 2021 08:30:45 GMT

EUR/USD decline reaches target

The decline of the EUR/USD continued on Wednesday, as the rate eventually reached the support of the weekly S1 simple pivot point at 1.1806. However, after touching the pivot point, the pair recovered to the 1.1830 level. Up to the middle of Thursday's trading, the EUR/USD has been fluctuating sideways between the 1.1810 and 1.1830 levels. In the case that

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.