GBP/USD fails to recover

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


The GBP/USD was highly volatile after the publication of the US Consumer Price Index. By the end of the volatility, the rate attempted to recover, but failed near the 1.3080 mark and the 100-hour simple moving average. On Monday, it was observed that the pair could decline as low as 1.3000.

In the case of a decline, the rate could be slowed down by the weekly S1 simple pivot point at 1.3014. Below the 1.3000 mark, watch the lower trend line of the channel pattern.

However, a potential recovery of the Pound against the US Dollar is set to face the 50 and 100-hour simple moving averages and the upper trend line of the channel pattern, prior to the rate approaching the weekly simple pivot point at 1.3074 and the 1.3080 level. Higher above, note the 1.3100/1.3115 range and the 200-hour simple moving average.
Back to articles

Actual Topics

Mon, 14 Oct 2024 14:32:28 GMT

USD/JPY surge aims at 150.00

The higher than expected US Consumer Price Index has initially created high volatility, but afterwards provided the needed push for the Dollar to surge. On the USD/JPY charts, the pair bounced between 148.50 and 149.50 just after the event. On Monday, the resistance of the 149.50 level was broken, and the rate was heading to 150.00. A move above 150.00

Mon, 14 Oct 2024 11:59:15 GMT

EUR/USD finds support in 1.0900

On Thursday, after the US CPI publication, the EUR/USD found support in the 1.0900 mark. Meanwhile, resistance was provided by the prior support range at 1.0950/1.0955. This week, the pair fluctuated between the two levels, as it consolidated, as indicated by rather flat trading and approaching hourly simple moving averages. In the near term future, the pair could 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.