GBP/USD dipped to 1.2450

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


The GBP/USD eventually ended sideways trading and declined. However, the sharp decline quickly found support in the 1.2450 level and a recovery started. By mid-Thursday, the pair had even reached above the 1.2550 level, as the 1.2505/1.2510 range acted as support. However, it appears that the sharp move upwards at 09:30 was caused by the publication of better than expected United Kingdom Purchasing Managers Indices of the Services and Manufacturing sectors.

If the Pound continues to surge, it is expected to face the weekly R1 simple pivot point at 1.2576 and the 1.2600 mark.

Meanwhile, a decline of the Pound against the US Dollar is set to look for support in the combination of the 50 and 100-hour simple moving averages and the 1.2505/1.2510 support zone. Further below, take into account the 1.2450 mark and the ascending 200-hour simple moving average.
Back to articles

Actual Topics

Thu, 23 Nov 2023 13:52:41 GMT

USD/JPY continues to surge

The USD/JPY booked a new high, before consolidating its gains by a minor retracement back down. Most recently, the pair retraced to the 149.00 mark and confirmed it as support. In general, prior forecasts remain unchanged. An extended move above 149.00 could be slowed down by the 149.50 level, before the 150.00 mark is reached. Higher above, note the descending

Thu, 23 Nov 2023 13:34:45 GMT

EUR/USD finds support in 1.0850

The decline of the Euro against the US Dollar eventually encountered support in the form of the 1.0850 level. In addition, it is assumed that some pressure came from the approaching 200-hour simple moving average. The event was followed by a recovery up and above the 1.0900 mark. A resumption of the previous decline could look for support in 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.