GBP/USD remains below 1.2500

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


The GBP/USD has revealed a support and a resistance zones. Support is found at 1.2390/1.2395. Resistance is provided by the 1.2470/1.2480 range. On Monday, the pair bounced off the resistance and resumed its decline.

The ongoing decline might look for support in the 1.2390/1.2395 level. Further below, note the weekly S1 simple pivot point at 1.2373 and the combination of the weekly S2 at 1.2304 and the 1.2300 mark.

However, a potential recovery of the GBP against the US Dollar would face the 1.2470/1.2480 range. Note that the pair has ignored the hourly simple moving averages and the weekly simple pivot point at 1.2459.
Back to articles

Actual Topics

Mon, 22 May 2023 08:54:54 GMT

USD/JPY breaks ascending pattern

The sharp surge of the US Dollar against the Japanese Yen ended on Friday at mid-day. On that day the Chairman of the US Federal Reserve Jerome Powell spoke at an event with the ex-Chairman Bernanke. The comments made by the two caused a run to safety. From a technical perspective, the pair broke the channel up pattern and declined

Mon, 22 May 2023 07:59:24 GMT

EUR/USD decline continues

The EUR/USD has reached a new low level by trading near 1.0760 during the end of the last week. However, a recovery of the Euro followed. On Monday the currency pair bounced off a resistance zone at 1.0825/1.0830. The zone was strengthened by the weekly simple pivot point at 1.0822 and the 100-hour simple moving average. Meanwhile, support appeared

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.