GBP/USD trades below 1.2000

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


The GBP/USD started the week's trading by fluctuating between the 1.1960 and 1.2000 levels. Meanwhile, the rate was observed to be ignoring the weekly simple pivot point at 1.1975 and the 50 and 100-hour simple moving averages.

If the Pound surges against the US Dollar above the 1.2000 mark, the rate might test the resistance of the zone near the 1.2050 mark. Higher above, note that the weekly R1 simple pivot point at 1.2087 might act as resistance.

However, a potential decline of the currency pair might look for support in the 200-hour simple moving average, which, despite being pierced, stopped the pair from dropping during the previous week.
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Mon, 25 Jul 2022 07:17:12 GMT

USD/JPY reaches new low level

The USD/JPY currency pair has declined below the support of the 136.50 mark. Moreover, the rate has shortly traded below 136.00. On Monday morning, the pair retraced back up and was testing the 136.50 level as resistance. If the US Dollar declines against the Japanese Yen, the currency pair might find support in the 136.00, 135.50 and 135.00 level,

Mon, 25 Jul 2022 07:00:00 GMT

EUR/USD trades around 1.0200

Throughout Friday, the EUR/USD fluctuated between the 1.0150 and 1.2050 levels, despite shortly piercing them. On Monday morning, the pair was trading near the 1.0200 level. In the meantime, it was spotted that the rate was not being impacted by the weekly simple pivot point at 1.0190 and the 50 and 100-hour simple moving averages. If the pair declines

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