GBP/USD

The weekly simple pivot point and the high-level zone at 1.3364/1.3370 has provided the GBP/USD pair with enough resistance for the rate to decline. Namely, during the first half of Monday's trading hours, the currency rate passed below the 100-hour SMA at 1.3340 and the 50-hour simple moving average at 1.3326.

In the case that the rate continues to decline, it could aim at the support of the 1.3300/1.3380 zone, which provided support on Thursday. Below the support zone, the pair might find support in the weekly S1 simple pivot point at 1.3264.

However, a potential recovery of the pair might make another attempt at passing the resistance zone at 1.3364/1.3370. Above this zone, note the 1.3400 mark, which is strengthened by the 200-hour simple moving average.

GBPUSD

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Feed news Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD stays below 1.0400 as focus shifts to US data

EUR/USD stays below 1.0400 as focus shifts to US data

EUR/USD clings to modest daily gains and trades at around 1.0350. Eurostat reported on Wednesday annual Core HICP remained steady at 5% in the Eurozone in November as expected. Investors await US ADP employment data and Powell's speech.

EUR/USD News

GBP/USD steadies near 1.2000 ahead of US data

GBP/USD steadies near 1.2000 ahead of US data

GBP/USD managed to stage a rebound from the 1.1950 area but lost its bullish momentum near 1.2000 as investors await the ADP private sector employment report from the US. FOMC Chairman Jerome Powell will deliver a speech on the economy and inflation later.

GBPUSD News

Gold clings to gains near $1,760, eyes on Powell

Gold clings to gains near $1,760, eyes on Powell

Gold price trades in positive territory at around $1,760 as the US Dollar struggles to find demand. Ahead of the ADP employment data from the US and Fed Chari Powell's speech, the 10-year US Treasury bond yield holds steady above 3.7%. 

Gold News

Three on-chain metrics suggest Bitcoin price has bottomed, here’s where BTC is going next

Three on-chain metrics suggest Bitcoin price has bottomed, here’s where BTC is going next

Bitcoin price action has spiked 5% over the last 24 hours, hinting at the start of an optimistic scenario. Previous publications have already explored why BTC is ready for a bear market rally from both short-term and long-term outlooks.

Read more

ADP Jobs Preview: Markets set to find more reasons to sell the Dollar, big beat needed to boost it Premium

ADP Jobs Preview: Markets set to find more reasons to sell the Dollar, big beat needed to boost it

ADP's jobs report has finally come in line with the official NFP report. It took a hiatus and a change in formula to make that happen, but what matters is that this release finally matters. 

Read more

Majors

Cryptocurrencies

Signatures