GBP/USD decline continues

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


On Tuesday morning, the GBP/USD decline consolidated by retracing back up to the combined resistance of the weekly S1 simple pivot point and the 1.2200 mark. Afterwards, the rate resumed its decline, as before mid-day the pair was already back at the weekly S2 simple pivot point at 1.2100.

In general, a passing below 1.2100 could result in the pair reaching the 2019 low level at 1.1960. However, take into account that support might be found in the 1.2000 and 1.2050 levels.

On the other hand, a potential recovery of the Pound against the US Dollar would have to pass the 1.2200 mark, the weekly S1 simple pivot point and the 50-hour simple moving average, before reaching higher levels.
Back to articles

Actual Topics

Tue, 14 Jun 2022 10:51:40 GMT

USD/JPY reaches below trend line

The USD/JPY currency pair has retreated below the supporting trend line, which guided it since May 23. However, despite the move below support levels, the rate was making attempts at surging during the Tuesday's early trading hours. If the US Dollar resumes its surge against the Japanese Yen, the pair would face resistance in the 134.50, 134.75 and 135.00 levels. Higher

Tue, 14 Jun 2022 09:25:34 GMT

EUR/USD decline reaches 1.0400 level

The decline of the Euro against the US Dollar has reached the 1.0400 mark, which acted as support. The support of the round exchange rate level was enough to cause a recovery up to the 50-hour simple moving average near 1.0480. If the resistance of the 1.0480 mark and the 50-hour simple moving average holds, the EUR/USD is set

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.