Tue, 26 Jul 2022 08:06:11 GMT
GBP/USD encounters resistance in pivot point
At mid-day on Monday, the GBP/USD currency exchange rate managed to reach above the resistance zone, which surrounds the 1.2050 level. Since the event, the rate has been finding resistance in the weekly R1 simple pivot point at 1.2087. Meawnhile, the previous resistance zone was acting as support.
If the Pound declines against the US Dollar, it might look for support