GBP/USD recovery reaches 1.1700

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


The recovery of the Pound of the US Dollar continues. On Monday, the pair reached the 1.1700 level and the weekly R1 simple pivot point.

A move above 1.1700 would most likely encounter resistance in the 1.1715/1.1760 zone. Higher above, take into account the weekly R2 simple pivot point at 1.1790 and the 1.1800 mark. Afterwards, the 1.1850 and 1.1900 could slow down a surge, prior to the rate reaching the weekly R3 at 1.1932.

On the other hand, a decline of the currency pair would look for support in 1.1650 and 1.1600, before reaching the weekly simple pivot point together with the 50, 100 and 200-hour simple moving averages. Further below, the 1.1500 level could act as support, before the 1.1450 level and the weekly S1 simple pivot point are reached.
Back to articles

Actual Topics

Mon, 12 Sep 2022 08:25:47 GMT

USD/JPY trades above 140.00

This week, the USD/JPY remained above the 140.00 mark, as support was found at 141.50. By the start of Monday's European trading hours, the pair had touched the 143.50 level. A continuation of the USD recovery against the Japanese Yen might encounter resistance in round price levels. Namely, there is no technical resistance as high as 145.01 that could impact

Mon, 12 Sep 2022 08:03:39 GMT

EUR/USD surges due to fundamentals

The EUR/USD has continued to surge, as the markets still take in information that the ECB is set to reduce the supply of the Euro more than expected. In addition, on Monday morning the US Dollar plummeted against all other assets, which boosted the pair's rally. In the case that the pair continues to surge, it would face resistance at

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.