GBP/USD reveals support range

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


The GBP/USD has revealed that it has been finding support in the 1.2410/1.2425 range. This range has kept the pair up throughout the week. Meanwhile, the 50 and 100-hour simple moving averages near 1.2450 and 1.2470. On Thursday, the moving averages failed to keep the pair down and a surge was expected to occur.

A surge of the Pound against the US Dollar is expected to face the resistance of the 1.2500 mark, the 1.2519 level, the weekly simple pivot point at 1.2528, the 200-hour simple moving average and the 1.2535/1.2540 range. All of these levels have shown to be capable of impacting the rate. However, due to them being spread out across a 40 base point range, they could fail and the currency exchange rate would eventually aim at the 1.2600 level.

On the other hand, a decline of the currency exchange rate is set to look for support in the 1.2450 level and the 50 and 100-hour simple moving averages. Below these levels, the 1.2410/1.2425 range and the 1.2400 are highly likely set to act as support.
Back to articles

Actual Topics

Thu, 18 Apr 2024 10:28:06 GMT

USD/JPY reveals support and resistance zones

The USD/JPY rate continued its surge until it encountered resistance in the 154.70/154.80 range. Moreover, on Tuesday, support was revealed at 153.85/153.95. Since Tuesday, the pair has been fluctuating between these levels. Meanwhile, it appears that support and resistance is found from time to time in the 50 and 100-hour simple moving averages. On Thursday, the rate was being

Thu, 18 Apr 2024 09:29:25 GMT

EUR/USD manages to recover

The EUR/USD continued to find support in the 1.0600 mark for most part of the week. The support was strong enough to eventually start a surge that broke the resistance of the 50 and 100-hour simple moving averages. An extension of the ongoing surge is set to face the combination of the 1.0700 mark, the weekly simple pivot point

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.