GBP/USD bounces off 1.2600

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


Despite piercing the 1.2460/1.2480 zone's support, the GBP/USD recovered on Tuesday. During the late hours of the day's trading, the pair encountered resistance in the 1.2600 mark. By the middle of Wednesday's trading, the pair had declined below the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.2535/1.2565.

A continuation of the decline of the Pound against the US Dollar might look for support in the previously passed support zone at 1.2460/1.2480. Further below, take into account the Tuesday's low level at 1.2430.

On the other hand, a potential surge of the pair would have to pass the 1.2600 mark and the weekly R1 simple pivot point at 1.2611.
Back to articles

Actual Topics

Wed, 08 Jun 2022 13:38:35 GMT

USD/JPY reaches new high level

At mid-day on Wednesday, the USD/JPY pair's surge hit the 134.50 mark. Meanwhile, it was spotted that the 133.50 and 134.00 levels and the weekly R2 simple pivot point failed to act as resistance. A continuation of the USD surge against the Japanese Yen could encounter resistance in a round exchange rate level and initiate a consolidation by slightly declining or

Wed, 08 Jun 2022 13:14:46 GMT

EUR/USD trades around 1.0700

Since the last failed attempt at passing the 1.0740/1.0760 zone, the EUR/USD has been trading around the 1.0700 mark. Namely, the pair has declined and found support at 1.0660, before retracing back up to the 1.0740 level. At mid-day on Wednesday, the currency pair was trading between the resistance of the 1.0740 level and the support of the technical

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.