GBP/USD reveals support zone

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


After the release of the US CPI, the pair dropped below the 1.2590/1.2610 range. Afterwards, the range acted as resistance until the lower than expected UK CPI caused another drop. However, since Wednesday, the pair was finding support in the 1.2535/1.2540 zone. During late Thursday's trading hours, the GBP/USD was once again testing the 1.2590/1.2610 range and the 100 and 200-hour simple moving averages.

A move above 1.2610 could be slowed down by the weekly R1 simple pivot point at 1.2672. Higher above, note the 1.2700 mark and the weekly R2 simple pivot point at 1.2720.

On the other hand, a decline of the Pound against the US Dollar is expected to look for support in the weekly S1 simple pivot point at 1.2578 and the 1.2535/1.2540 range. Below these levels, the 1.2500 level and the weekly S2 at 1.2470 might provide support.
Back to articles

Actual Topics

Thu, 15 Feb 2024 20:48:05 GMT

USD/JPY fluctuates around 150.00

The release of the US CPI pushed the USD/JPY rate up. However, it appears to have encountered resistance, before reaching the 151.00 mark. The events were followed by a decline, as on mid-Thursday the rate had returned and found support in the 149.50 level. A surge of the US Dollar against the Yen could be slowed down by the 50-hour

Thu, 15 Feb 2024 20:09:20 GMT

EUR/USD recovers after CPI

The EUR/USD dropped from 1.0800 down to 1.0700 due to the release of the United States Consumer Price Index. The higher than expected inflation caused a strengthening of the US Dollar. However, by the end of Thursday's trading, the pair had almost recovered to 1.0800. A surge above 1.0800 mark and the zone that surrounds it could encounter resistance in

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.