GBP/JPY breaks pattern and books new high

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


The Bank of England unexpectedly hiked interest rates on Thursday at 12:00 GMT. However, prior to the hike and surge that was caused by it, the rate broke the upper trend line of the channel down pattern, which has guided the rate since late October. Afterwards, anew December high level was booked at 152.65

On Friday morning, the rate was finding support in the 50-hour simple moving average near the 151.25 level. Meanwhile, the rate was ignoring the weekly R1 simple pivot point at 151.33.

If the simple moving average pushes the pair up, it could cone again reach the 152.65 level. However, to reach the high level, the pair would have to pass the resistance of the 152.00 mark, the weekly R2 simple pivot point and the 152.50 level.

On the other hand, a failure of the SMA might result in a decline to the 151.00 mark. Below the 151.00 level, the 200-hour SMA is strengthening the 150.50 level's support. Meanwhile, take into account the weekly simple pivot point at 150.35 and the trend line, which connects December low levels.
Back to articles

Actual Topics

Fri, 17 Dec 2021 08:45:59 GMT

USD/CAD trades sideways

The decline of the USD/CAD appears to have ended, as the rate has been trading sideways in a set range since the middle of Thursday's trading hours. Namely, the pair is trading between the support of the 1.2765 level and the resistance of the 1.2810 mark. If the currency exchange rate passes the resistance of the 1.2810 level, the rate

Fri, 17 Dec 2021 08:22:29 GMT

AUD/USD declines from new high

On Thursday, the AUD/USD currency pair booked a new December high level at 0.7224. The rate bounced off this level and started a decline. By the start of Friday's European trading hours, the rate had reached the 0.7160 level. During the decline, the pair had passed a support zone that surrounds the 0.7180 mark and the 50-hour simple moving average. A

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.