GBP/USD retreats below 1.3200

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


On Wednesday, the GBP/USD pair respected the resistance of the 50 and 100-hour simple moving averages near the 1.3240 and 1.3250 levels and the support of the weekly S1 simple pivot point at 1.3167. The rate had bounced between the mentioned levels throughout the day.

During the first half of Thursday's trading, the pair had retreated from the 50-hour SMA and was approaching the support of the weekly S1 simple pivot point.

The GBP/USD rate would most likely decline, if it passes the support of the weekly S1 simple pivot point. A move below the pivot point would have no support as low as the 1.3100 mark and the weekly S2 at 1.3093.

However, a recovery of the pair from the weekly S1 might find resistance in the 50-hour SMA at 1.3225 and the 100-hour SMA near 1.3240. Above the two SMAs, next close by resistance on Thursday was the weekly simple pivot point at 1.3269, the 200-hour SMA at 1.3275 and this week's high levels above 1.3280.
Back to articles

Actual Topics

Thu, 09 Dec 2021 12:27:47 GMT

USD/JPY remains near 200-hour SMA

The USD/JPY surged to the November 28 high level zone near the 114.00 mark on Wednesday. The resistance zone was strong enough to cause a decline. By the middle of Thursday's trading, the pair had returned to the support of the 200-hour SMA. Meanwhile, additional support had approached the rate in the form of the 100-hour simple moving average. A surge

Thu, 09 Dec 2021 11:59:46 GMT

EUR/USD declines after surging

The EUR/USD broke resistance of moving averages and the weekly simple pivot point on Wednesday. The following surge reached the December 1 high levels at 1.1355/1.1360, before starting a decline. By the middle of Thursday's trading, the rate had reached the weekly simple pivot point at 1.1313. In the meantime, take into account that the 50, 100 and 200-hour simple

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.