GBP/USD reveals pattern

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


Recent comments made by the head of the US Federal Reserve have weakened the US Dollar. It has resulted in a surge of the GBP/USD that has continued to break one resistance after another. In addition, it has been spotted that the surge has occurred in a channel up pattern.

In the near term future, the pair is set to face the resistance of the 1.2800 mark and the weekly R3 simple pivot point at 1.2802. Higher above, note that the August high level could slow down a surge at 1.2819.

On the other hand, a decline would look for support in the 1.2760/1.2775 range, the weekly R2 simple pivot point at 1.2750 and the 50-hour simple moving average near 1.2725.
Back to articles

Actual Topics

Thu, 07 Mar 2024 15:52:42 GMT

USD/JPY respects pivot point

The decline of the USD/JPY continues. On Thursday, the pair found support in the weekly S3 simple pivot point at 147.60. An extension of the ongoing decline is expected to look for support in the 146.65/147.10 range. Further below, the 146.00 level might stop the decline. In the case of a USD recovery, watch the weekly S2 simple pivot point at

Thu, 07 Mar 2024 15:39:29 GMT

EUR/USD passes above 1.0900

The EUR/USD managed to finally breach the 1.0860/1.0890 range and the combination of the 1.0900 mark and the weekly R2 simple pivot point. However, the rate consolidated before the ECB policy announcement and the announcement caused a retracement to the support of the passed range and the weekly R1 simple pivot point. After the fundamental event passed, EUR/USD continued

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.