GBP/USD meets resistance at 1.2293

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


On Monday, the GBP/USD currency pair encountered resistance in the weekly R1 simple pivot point at 1.2293. Afterwards, a decline followed, which by the middle of Tuesday's trading had reached below the 1.2200 mark.

A continuation of the decline of the Pound against the US Dollar could find support in the 100-hour simple moving average near 1.2175, the 1.2150 mark and the weekly simple pivot point at 1.2127. Meanwhile, note the lower trend line of the channel up pattern, which is crossing the 1.2100/1.2200 range.

On the other hand, a resumption of the surge of the GBP/USD might encounter resistance in the 1.2250 level, prior to once again testing the weekly R1 simple pivot point at 1.2293 and 1.2300.
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Tue, 02 Aug 2022 10:56:02 GMT

USD/JPY reaches new low level

The decline of USD/JPY continues, as on Tuesday morning the pair had reached the 130.50 mark. During the first half of the day's European trading hours, the currency pair was fluctuating between the 130.50 and 131.00 levels. A resumption of the US Dollar's decline against the Japanese Yen might find support in the 130.00 mark, prior to approaching the 129.50 level

Tue, 02 Aug 2022 10:15:20 GMT

EUR/USD bounces off weekly pivot point

The EUR/USD eventually reached the resistance of the weekly R1 simple pivot point at 1.0290. The pivot point acted as resistance and a decline followed. By the middle of Tuesday's trading, the currency pair had reached the 1.0220 mark, which acted as support. In the case of the Euro resuming its recovery against the US Dollar, the pair might

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