GBP/USD aims at 1.3000

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


The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant."

The GBP/USD reacted to the weakness of the Dollar by breaking the resistance of the weekly simple pivot point at 1.2931, the 200-hour simple moving average and the 1.2950 mark.

The ongoing surge of the Pound against the US Dollar is expected to aim at the 1.3000 mark, which is expected to act as resistance. Higher above, note the combination of the 1.3050 level and the weekly R1 simple pivot point at 1.3046.

However, in the case of the US Dollar suddenly strengthening the rate could look for support in the combination of the 200-hour simple moving average and the weekly simple pivot point at 1.2931. Further below, the combination of the 50-hour SMA and the 1.2900 might stop a potential further decline of the GBP/USD currency exchange rate.
Back to articles

Actual Topics

Thu, 27 Jul 2023 07:17:42 GMT

USD/JPY reaches 139.50

The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant." The weakness of the US

Thu, 27 Jul 2023 06:56:14 GMT

EUR/USD reacts to weakening Dollar

The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant." In the aftermath of 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.