GBP/USD encounters resistance at 1.2400

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


The surge of the GBP/USD eventually found resistance in the 1.2400 mark and the weekly simple pivot point. The resistance was strong enough to cause a decline to the 1.2250 level, which acted as support during the early hours of Friday's trading.

If the Pound resumes its recovery against the US Dollar, note the 1.2400 mark and the resistance zone around 1.2450 and the 1.2500 level.

On the other hand, in regards to support, note that below the 1.2250 mark there is a cluster of technical support levels around the 1.2200 level. Namely, the 1.2200 level is being strengthened by the 50-hour simple moving average and the weekly S1 simple pivot point. Further below, take into account the 1.2150 level and the 100-hour simple moving average.
Back to articles

Actual Topics

Fri, 17 Jun 2022 11:12:01 GMT

USD/JPY surges back to 135.00

A major surge has occurred on the USD/JPY charts. Most of the surge is attributed to the Bank of Japan beating down the value of the Japanese Yen. The central bank announced that it would continue its monetary easing policy despite other banks hiking interest rates. The surge resulted in the rate reaching the 135.00 mark during the first

Fri, 17 Jun 2022 10:33:53 GMT

EUR/USD surges to 1.0600

The EUR/USD managed to surge through the resistance of the 1.0500 mark and eventually reached the combined resistance of the 1.0600 mark and the weekly simple pivot point at 1.0598. The resistance held and by the middle of Friday's trading, the rate had retraced down and found support in the 1.0500 mark. If the pair recovers from the 1.0500 mark,

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.