GBP/USD finds support and breaks pattern

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


The GBP/USD broke the channel down pattern, before it even approached the 1.2000 mark. Due to that reason, the pair's decline could be considered over. Meanwhile, during Tuesday's trading hours, the pair fluctuated in the 1.2010/1.2060 range.

A broad recovery of the Pound against the US Dollar might encounter resistance in the 50-hour simple moving average near 1.2085, the 1.2100 mark, the 200-hour simple moving average near 1.2120. Higher above, note the 1.2150 level, which is strengthened by the 100-hour SMA and the weekly simple pivot point at 1.2152.

However, a decline of the currency exchange rate might look for support in the 1.2000 mark, prior to approaching the 1.1950 level and the weekly S2 simple pivot point at 1.1922.
Back to articles

Actual Topics

Tue, 16 Aug 2022 13:23:03 GMT

USD/JPY reaches back above 134.50

On Tuesday morning, the US Dollar manged to pass the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 133.57 against the Japanese Yen. By the start of the day's US trading, the pair had reached above the 134.50 level and the 134.35/134.55 zone. In the meantime, it was spotted that

Tue, 16 Aug 2022 13:03:03 GMT

EUR/USD decline finds support at 1.0123

The decline of the Euro against the US Dollar has continued, as on Tuesday the pair reached the support of the 1.0123 level, which appeared to be once again impacting the rate. Meanwhile, it was spotted that the rate has been declining in a narrow channel down pattern. A continuation of the decline is set highly likely going to look

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.