GBP/USD breaks pattern

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


In the near term future, the rate was expected to be pushed up by the 100 and 200-hour simple moving averages. A surge should reach for the combined resistance of the 55-hour SMA and the upper trend line of the recently added channel down pattern.

If the described resistance levels hold, the rate should test the support of the 100 and 200-hour SMAs. In the case of the SMAs failing to provide support, the rate would aim at the 1.3460 level. Near this level support was provided by a 61.80% Fibonacci retracement level and the weekly simple pivot point.

On the other hand, if the 55-hour SMA and the trend line are broken, the pair would have no technical resistance as high as the December high level at 1.3625.
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Mon, 28 Dec 2020 15:02:22 GMT

USD/JPY pierced support levels

In the near term, the rate was expected to test the resistance of the zone near 103.70. If this level fails to hold the rate down, the pair should reach for the 103.90 level, which kept the pair down in December 16 and 21.

Mon, 28 Dec 2020 13:42:49 GMT

EUR/USD breaks resistance line

On Monday, the EUR/USD broke the resistance of the descending trend line, which kept the rate down since December 17. However, the following break out up was stopped by the resistance of the high level of December 21 and 22. By the start of Monday's US trading hours, the currency exchange rate had retraced to the support of the

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