GBP/USD breaks out to the upside

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


The GBP/USD ended its sideways trading by breaking the resistance zone at 1.2555/1.2560. Afterwards, the pair tested the resistance of the May high level zone at 1.2600/1.2640. By the middle of Thursday's European trading hours, the pair had returned to the 1.2555/1.2560 level and appeared to be confirming it as support.

If the pair declines below 1.2555 and 1.2550, the 50 and 100-hour simple moving averages near 1.2540 might act as support to the GBP/USD currency exchange rate. Further below, take into account this week's low level zone at 1.2472/1.2480.

On the other hand, a surge above the May high level zone at 1.2600/1.2640 would leave the pair without any technical resistance as high as the weekly R2 simple pivot point at 1.2715. However, note that the 1.2650 and 1.2700 levels might stop a potential surge.
Back to articles

Actual Topics

Thu, 26 May 2022 08:30:16 GMT

USD/JPY bounces off 127.50

On Thursday morning, the USD/JPY had failed at its second attempt at passing the 127.50 level and a resistance zone, which surrounds it, as the head of the Bank of Japan Haruhiko Kuroda commented on monetary policy and caused a surge of the Japanese Yen. The Governor of the Bank of Japan stated that the Japanese central bank could

Thu, 26 May 2022 07:38:26 GMT

EUR/USD encounters resistance above 1.0700

On Wednesday, the support of the 1.0625/1.0640 range held and a surge occurred, as the 100-hour simple moving average approached the pair from below. However, on midnight to Thursday the pair encountered resistance in the 1.0700 level, despite shortly reaching above it. A resumption of the surge of the Euro against the US Dollar is expected to test the

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.