GBP/USD pierces resistance zone

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


With the start of Tuesday's GMT trading hours, the GBP/USD pierced the resistance zone at 1.1440/1.1450. However, a surge did not follow, as resistance was found in the 100-hour simple moving average. Meanwhile, the rate was observed to be finding support in the 50-hour simple moving average.

A surge of the rate above the 100-hour SMA near 1.1460 might find resistance in the 1.1500 mark and the weekly simple pivot point at 1.1502. Higher above, take into account the 200-hour simple moving average near 1.1525.

In the meantime, a decline of the Pound against the US Dollar would have to pass the combination of the 50-hour simple moving average and the 1.1400 mark. Further below, the 1.1350 level is expected to once again serve as support, before the pair reaches new low levels.
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Tue, 20 Sep 2022 07:54:49 GMT

USD/JPY remains near 143.00

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