GBP/USD is pushed by 200-hour SMA

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


On Friday, the GBP/USD currency exchange rate declined. The decline started on Thursday when the Bank of England caused surge ended at the 200-hour simple moving average at the 1.3750 level.

If the rate continues to decline, it would most likely look for support in the 55 and 100-hour SMAs and the weekly S1 simple pivot point at 1.3676. Below these levels, there is no support as far as the large low-level zone near 1.3600.

However, a surge would face the 200-hour SMA somewhere near the 1.3740 level. Above the 200-hour SMA the weekly simple pivot point stands at 1.3795. In addition, both the 1.3750 and 1.3800 levels are likely going to provide resistance.
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Fri, 24 Sep 2021 07:31:49 GMT

USD/JPY reaches above 110.50

On Friday, the USD/JPY currency exchange rate passed the resistance of the 110.40 level, which was strengthened by the weekly R1 simple pivot point. Moreover, the rate reached above the 110.50 mark. In the near term future, the pair could continue to surge. A surge would most likely reach for the resistance of the weekly R2 simple pivot point at

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