GBP/USD breaks resistance zone

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


On Thursday, the GBP/USD currency pair reached above the 1.1400 mark and almost reached the 1.1450 level. However, before reaching the 1.1450 level, the GBP started a decline against the USD. During the early hours of Tuesday's trading, the pair as finding support in the 1.1300 level. Meanwhile, it was spotted that the rate has been surging in a channel up pattern since October 11.

Note that a potential decline would look for support in the 1.1300 mark, which is strengthened by the 50-hour simple moving average and the lower trend line of the channel up pattern. If the pattern is broken, the rate could look for support in the 1.1250 level and the 100-hour simple moving average. Further below, note the 1.1200 mark, the 200-hour SMA and the weekly simple pivot point at 1.1160.

A resumption of the surge of the Pound against the US Dollar could encounter resistance in the weekly R1 simple pivot point at 1.1398, the 1.1400 and 1.1450 levels. Higher above, there is no technical resistance as high as the combination of the weekly R2 and the upper trend line of the channel pattern near 1.1620.
Back to articles

Actual Topics

Tue, 18 Oct 2022 08:50:49 GMT

USD/JPY reaches above 149.00

The USD/JPY has reached not only above the 148.85 level, but also the 149.00 mark. On Tuesday morning, the pair faced no resistance as high as the 150.00 mark and the weekly R1 simple pivot point at 149.98. However, the ongoing surge could be slowed down by the 149.50 level. On the other hand, a decline of the currency rate is expected

Tue, 18 Oct 2022 08:23:35 GMT

EUR/USD surges above 0.9850

The EUR/USD broke the resistance of the 0.9800 level on Monday. By the middle of Tuesday's trading, a follow up surge had reached above the 0.9850 level. An extension of the ongoing surge of the Euro against the US Dollar could encounter resistance in the weekly R2 simple pivot point at 0.9897 and the 0.9900 mark. Higher above, the

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.