GBP/USD pierces resistance zone

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


Despite being pierced, the 1.1900 mark has managed to act as support. The zone below the round exchange rate level has been marked.

The support zone was enough to cause a surge, which by the middle of Thursday's European trading hours had managed to shortly reach above the 1.1975/1.1995 zone and the 1.2000 mark. However, it appeared that the 100-hour simple moving average near 1.2020 acted as resistance and no surge occurred.

If the currency pair reaches above the 100-hour simple moving average, the 1.2050 mark might slow down a potential surge, before the rate reaches the combined resistance of the 200-hour SMA and the 1.2100 mark.

Meanwhile, a resumption of the broader decline of the Pound against the US Dollar might find support in the 2019 low level at 1.1960, the 1.1950 mark, the 50-hour simple moving average and the weekly S1 simple pivot point at 1.1934. After all these support levels are passed, the 1.1875/1.1900 zone could still stop a decline.
Back to articles

Actual Topics

Thu, 07 Jul 2022 12:18:29 GMT

USD/JPY trades sideways

Throughout July, the USD/JPY currency pair has been trading between the support of the 134.75/134.80 and 136.28/136.38 zones. At mid-day on Wednesday, the USD/JPY appeared to have found additional support in the 135.00 level. Meanwhile, the 136.00 level did not appears to be capable of acting as notable resistance. In the meantime, the 50, 100 and 200-hour simple moving averages and

Thu, 07 Jul 2022 11:24:48 GMT

EUR/USD retraces and finds resistance

After reaching a new low level at 1.0162, the EUR/USD started a minor recovery. On Thursday morning, the recovery found resistance in the weekly S2 simple pivot point and the 1.0220 level. In the meantime, the pair was being approached by the 50-hour simple moving average. If the Euro continues to decline against the US Dollar, the pair could look

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.