GBP/USD experiences sharp surge

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


It took the GBP/USD currency exchange rate 15 hours of testing resistance and trading flat below the previous December high level zone at 1.3365, before the high level failed. By the middle of Thursday's GMT trading, the pair had already reached the 1.3435 level. Moreover, the GBP faced no resistance against the USD as high as the 1.3468 level.

If the pair continues to surge, it would most likely test the resistance of the weekly R2 simple pivot point at 1.3468. However, the 1.3450 mark might act as resistance, despite the 1.3400 level not slowing the rate down.

On the other hand, a decline could find support in the previous December high level zone at 1.3365/1.3375 and the weekly R1 simple pivot point. Meanwhile, the next support level, before the 1.3300 mark, is the 50-hour simple moving average near 1.3310.
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Thu, 23 Dec 2021 12:15:26 GMT

USD/JPY remains near previous high levels

Despite reaching a new December high level and passing the resistance of the weekly R1 simple pivot point at 114.30, the USD/JPY currency exchange rate did not start a surge. Instead, the rate retraced below the technical levels and almost reached the 50-hour simple moving average, before returning to trade near the 114.30 level. In the near term future, the support

Thu, 23 Dec 2021 11:58:04 GMT

EUR/USD surges to 1.1340

The EUR/USD broke out of the previous trading range to the upside. The surge ended at the 1.1340 mark, which served as resistance. By the middle of Thursday's trading, the pair had retreated and had almost reached the 1.1300 mark. A move below the 1.1300 mark could immediately find support in the 100 and 200-hour simple moving averages at 1.1290.

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