GBP/USD finds support below 2019 low level

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


The GBP/USD rate found support in the 1.1940 level, which is 20 base points below the 2019 low level at 1.1960. The event was followed by a surge of the Pound against the US Dollar, which by the middle of the day's European trading hours had reached above the 1.2100 mark and the technical levels, which strengthened it.

Above all note the incoming two central bank announcements. The Federal Reserve is hiking rates on Wednesday at 18:00 GMT. All markets will adjust to the news. Afterwards, on Thursday, the Bank of England will hike its interest rate. The next 24 hours are bound to be historical for the GBP/USD pair.

If the surge of the GBP/USD continues, the rate could once again test the combination of the 1.2200 mark and the weekly S1 simple pivot point at 1.2206. On the other hand, note that to once again reach the 1.1950 level, the pair would have to reach below the 1.2100 mark and the weekly S2 simple pivot point at 1.2104 and the 50-hour simple moving average.
Back to articles

Actual Topics

Wed, 15 Jun 2022 12:02:12 GMT

USD/JPY reaches new high level

The USD/JPY pair hit the 135.50 mark and shortly traded above it during the midnight hours to Wednesday. However, since the event, the pair has been declining as by the middle of the day's trading the pair was located at the 134.50 mark and was looking for support near that level. Prior to analyzing the technical chart, note that the

Wed, 15 Jun 2022 11:29:57 GMT

EUR/USD awaits for US Federal Reserve

The support of the 1.0400 mark eventually was enough to cause a move of the EUR/USD up to the resistance zone, which surrounds the 1.0500 mark. Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US Dollar. Note that the publication and

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.