GBP/USD finds support in moving average

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


On Thursday, the GBP/USD was eventually stopped an reversed by the 1.2150 level. The decline of the Pound against the US Dollar found support in the 50-hour simple moving average at mid-day on Friday.

If the SMA pushes the pair up, another test of the 1.2150 level could be expected. Higher above, note the combination of the weekly R2 simple pivot point at 1.2194 and the 1.2200 mark.

However, a decline below the 50-hour SMA could look for support in the 1.2050 level and the weekly R1 simple pivot point at 1.2041. Meanwhile, note that the 100 and 200-hour simple moving averages have been approaching the pair from below.
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Fri, 25 Nov 2022 13:19:12 GMT

USD/JPY recovery faces resistance

The recovery of the USD/JPY has passed above the 139.00 level, the 50-hour simple moving average and the 139.50 level. However, at mid-day on Friday, the weekly simple pivot point was acting as resistance at 139.60. A move above the 139.60 level might be stopped by the combination of the 140.00 level and the 100 and 200-hour simple moving averages. Higher

Fri, 25 Nov 2022 12:59:17 GMT

EUR/USD passes below moving average

By the middle of Friday's trading, the EUR/USD had passed below the combined support of the 1.0400 mark and the 55-hour simple moving average. A continuation of the Euro's decline against the US Dollar might look for support in the 1.0350 mark, the weekly simple pivot point at 1.0359 and the approaching 50, 100 and 200-hour simple moving averages.

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