GBP/USD respects support zone

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


On Monday, the 1.2460/1.2480 zone once again acted as support, as the GBP/USD surged to the resistance of the 200-hour simple moving average near 1.2575.

If the Pound manages to reach above the 200-hour simple moving average and the 1.2580 mark, expect resistance to be found in the 1.2600 mark and the weekly R1 simple pivot point at 1.2611.

On the other hand, a decline of the pair is set to immediately find support in the combination of the 50 and 100-hour simple moving averages near 1.2540 and the weekly simple pivot point at 1.2535. Further below, the 1.2460/1.2480 zone could once again act as support.
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Mon, 06 Jun 2022 13:26:27 GMT

USD/JPY reaches 131.00/131.40 zone

Since the second part of Friday's trading, the USD/JPY has been testing the resistance of the 131.00/131.40 zone. Meanwhile, support was being provided by the combination of the 130.50 level and the lower trend line of the channel up pattern. If the pair manages to reach above 131.40 resistance is expected to be found almost immediately in the 131.50 and 132.00

Mon, 06 Jun 2022 13:12:09 GMT

EUR/USD remains near 1.0740

The bounce off from the resistance zone at 1.0740/1.0760 found support in the 50-hour simple moving average close above the 1.0700 level. During the first half of Monday's trading, the rate continued to fluctuate in the 1.0710/1.0750 range. In general, previous forecasts remain intact. If the Euro recovers against the US Dollar, the pair would have to pass the 1.0740/1.0760

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