GBP/USD might get squeezed in

Note: This section contains information in English only.
Source: Dukascopy Bank SA
GBP/USD continued to retreat on Friday morning. The rate passed the support of the 55-hour SMA and retreated down to the weekly R2 at 1.3238.  

The future short term forecast is built around the 55 and 100-hour SMAs and the weekly R2. It could be observed that the SMAs were set to meet one another and squeeze the rate at the weekly R2. 

The squeeze should result in a break out to either the upside and 1.3366 or a drop down to 1.3160.
Back to articles

Actual Topics

Fri, 01 Mar 2019 08:20:12 GMT

USD/JPY jumps and breaks all resistance

The USD/JPY has made another large fundamental move. The rate has suddenly surged, breaking all the previously used pattern trend lines. 

Fri, 01 Mar 2019 08:11:27 GMT

EUR/USD retreats to 1.1370

The EUR/USD has passed the lower trend line of the ascending pattern. Although it occurred after reaching the 1.1400 mark for a third time, as expected. Moreover, the pair reached above it to the 1.1420 level.  

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.