GBP/USD breaks resistance

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


Due to an unclear reason, the release of the US Core PCE Price Inflation has caused a surge of the Pound against the US Dollar. The US inflation came in higher than expected, which in theory should have strengthened the US Dollar and cause a GBP/USD decline. Meanwhile, the GBP/USD is the only US Dollar pair, where the peer currency has surged against the Greenback.

From a technical analysis perspective, the pair has broken the resistance zone at 1.2500/1.2515. The follow up surge eventually encountered resistance at 1.2580, before retracing to look for support. At mid-day on Monday, the 1.2500/1.2515 range, the 50-hour simple moving average and the weekly simple pivot point at 1.2510 were providing support.

A resumption of the GBP surge against the US Dollar would face resistance at 1.2580, 1.2600 and the weekly R1 simple pivot point at 1.2634.

However, a decline below 1.2500 is most likely going to look for support in the 100 and 200-hour simple moving averages near 1.2480 and 1.2460. Further below, take into account the weekly S1 simple pivot point at 1.2437.
Back to articles

Actual Topics

Mon, 01 May 2023 12:12:16 GMT

USD/JPY reaches 137.00

The release of the higher than expected US Core PCE Price Index has indicated that the Federal Reserve continues to fail its fight against US inflation. It signals that the Fed is set to hike interest rates and continue with its hawkish monetary policy. Namely, the value of the US Dollar is set to rise due to rising US interest

Mon, 01 May 2023 11:49:16 GMT

EUR/USD trades around 1.1000

The EUR/USD appears to be waiting for the Wednesday's Federal Reserve interest rate hike. Meanwhile, from a technical analysis perspective, the pair has revealed a resistance zone near 1.1100 and support near 1.0965. On Monday, the pair was located near the 1.1000 mark. A potential decline of the Euro against the US Dollar might look for support at 1.0965. Near

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.