GBP/USD remains above 1.2590/1.2610

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


On Thursday, the GBP/USD moved below the 1.2590/1.2610 range, but no broader decline occurred, as the weekly S1 simple pivot point acted as support at 1.2571. The pivot point forced the pair back up above the 1.2590/1.2610 range. On Friday, the support range held. During the second half of the day, the rate tested the resistance of the 200-hour simple moving average near 1.2635.

If the rate breaks the 200-hour simple moving average, the 1.2650 level could slow down the rate. Higher above, note the weekly simple pivot point at 1.2671, the 1.2700 mark and the weekly R1 simple pivot point at 1.2729.

In the case of the 200-hour SMA holding, the rate would once again look for support in the 50 and 100-hour simple moving averages and the 1.2590/1.2610 range. Further below, take into account the weekly simple pivot point at 1.2571.
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Fri, 09 Feb 2024 15:46:02 GMT

USD/JPY remains below 149.50

The surge of the USD/JPY remains stuck at the 149.50 level. Meanwhile, support is found at the 149.00 mark, as the weekly R1 simple pivot point is being ignored. In addition, the hourly moving averages continue to move higher. A move above 149.50 is set to test the resistance of the 150.00 mark. Higher above, note the weekly R2 simple

Fri, 09 Feb 2024 15:27:52 GMT

EUR/USD respects moving averages

The 1.0720/1.0740 support range held. Moreover, it appears that the rate reversed already at the weekly S1 simple pivot point at 1.0744. After finding support, the rate surged and encountered resistance in the 200-hour simple moving average. A move above the 200-hour SMA would face the 1.0800 mark. Higher above, take into account the weekly simple pivot point at 1.0821

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