GBP/USD remains below 1.1750

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


On Tuesday morning, the GBP/USD currency exchange rate was testing the resistance of the last week's low level zone at 1.1715/1.1760. In the meantime, the zone is being approached by the 50 and 100-hour simple moving averages.

A decline of the Pound against the US Dollar could be slowed down by the 1.1700 mark and the weekly S1 simple pivot point at 1.1669. Afterwards, the rate is highly likely going to find support in the 1.1650 level. Further below, take into account the 1.1600 mark and the weekly S2 simple pivot point at 1.1601.

However, a passing of the 1.1715/1.1760 zone and the 50 and 100-hour simple moving averages might result in a move up to the 1.1800 level and the 200-hour SMA. In the meantime, note that the weekly simple pivot point at 1.1785 could act as resistance.
Back to articles

Actual Topics

Tue, 30 Aug 2022 07:21:32 GMT

USD/JPY finds support in pivot point

In the aftermath of reaching the 139.00 level, the USD/JPY currency pair declined and found support in the weekly R1 simple pivot point at 138.40. Up to the start of Tuesday's European trading hours, the rate had continued to trade above the technical level. If the US Dollar resumes its surge against the Japanese Yen, the rate would have to

Tue, 30 Aug 2022 06:54:21 GMT

EUR/USD encounters resistance in moving average

The recovery from the 0.9900/0.9915 zone passed the 50 and 100-hour simple moving averages near 0.9975, the weekly simple pivot point at 0.9984 and the 1.0000 mark. However, the surge of the Euro against the USD ended near the 1.0020 level, where the 200-hour simple moving average appeared to be acting as resistance. During the morning hours of Tuesday's European

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.