GBP/USD is back near 1.2200

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


The support of the channel down pattern has caused a recovery of the GBP/USD currency pair. During the second part of Thursday's trading, the rate was trading around the 1.2200 mark.

A continuation of the ongoing Pound's recovery against the US Dollar could stop at the 1.2250 mark, which is strengthened by the 200-hour simple moving average. In addition, take into account the upper trend line of the channel down pattern. If the pattern would be broken, the 1.2300 mark and the weekly simple pivot point could act as resistance.

However, a decline of the Pound against the Greenback is expected to look for support in the 50 and 100-hour simple moving averages near 1.2150 and 1.2190 and the weekly S1 simple pivot point at 1.2170. Further below, note the lower trend line of the channel pattern and the weekly S1 simple pivot point near 1.2100.
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Thu, 28 Sep 2023 15:54:30 GMT

USD/JPY surge breaks pattern

The USD/JPY has surged more than expected. Moreover, the pair has broken the channel up pattern's resistance line. On Wednesday, the rate encountered resistance at 149.70, before starting a retracement down. On Thursday, the currency exchange rate was finding support in the weekly R2 at 149.18 and the 50-hour simple moving average. A resumption of the surge is expected to

Thu, 28 Sep 2023 15:36:38 GMT

EUR/USD respects pattern's support

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