GBP/USD is below 1.2590/1.2610

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


The central bank announcements are over. It is clear that the GBP weakness dominates, as the rate is declining. On Friday, the pair passed below the major zone at 1.2590/1.2610.

Next target for the decline is the combination of the weekly S3 simple pivot point at 1.2547, the 1.2550 mark and the support zone at 1.2535/1.2540. The zone marks mid-February low level range. Further below, note the February low level at 1.2519.

However, in the case of a recovery of the Pound against the US Dollar, the rate is expected to face the 1.2590/1.2610 range as resistance. Higher above, the weekly S2 simple pivot point has shown to be able to impact the rate at 1.2636. The 1.2650 level acted as support on Thursday. The weekly S1 acted as support mid-week. Namely, these three levels can stop the pair, before it reaches the 1.2700 mark. Moreover, note the 50 and 100-hour simple moving averages that are descending from above.
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Actual Topics

Fri, 22 Mar 2024 12:13:55 GMT

USD/JPY faces 2022 high level

The USD/JPY remains below the 152.00 mark, which is the 2022 high level. Meanwhile, support is found in the 151.00 and 150.50 levels. In addition, on Friday the 50-hour simple moving average was acting as support. A move above 152.00 could encounter resistance in the weekly R3 simple pivot point at 152.62 and the 152.50 mark. Higher above, other round

Fri, 22 Mar 2024 11:27:58 GMT

EUR/USD approaches 1.0800

The volatility that was caused by fundamental events is over, as candles are smaller and the rate appears to have established a direction. The EUR/USD has declined, and by mid-Friday it appeared to be heading to the 1.0800 mark. If the 1.0800 provides enough support, the rate could encounter resistance in the 1.0840 or 1.0860 levels, before approaching the 1.0880

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