GBP/USD bounces off December low levels

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


The GBP/USD currency exchange rate was recovering on Monday, as the pair found support in the December low level zone at 1.3162/1.3175. By the middle of Monday's trading, the rate had reached the resistance of the 200-hour simple moving average at 1.3240.

If the GBP/USD continues to surge, it might find resistance at the 1.3265 level, where the weekly simple pivot point was located together with the 100-hour simple moving average. Above these levels, at 1.3280 the 50-hour simple moving average might stop a surge.

Meanwhile, a decline of the rate would most likely once again look for support in the December low level zone at 1.3162/1.3175, before aiming at the weekly S1 simple pivot point at 1.3155.
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Mon, 20 Dec 2021 13:37:43 GMT

USD/JPY reveals support zone

The USD/JPY has recovered from the 113.15/113.20 zone. On Monday, the pair was making attempts at passing the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.60/113.75 zone. If the pair surges above the 113.60/113.75 zone's technical resistance levels, a potential surge might find resistance in the previously broken December high

Mon, 20 Dec 2021 13:14:54 GMT

EUR/USD recovers on Monday

The EUR/USD found support in the December low level zone and started a recovery on Monday morning. By the middle of the day's trading, the pair had reached the resistance of the weekly simple pivot point at 1.1276. In the case that the EUR continues to gain against the USD, resistance could be found at the 1.1290 level. Near

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