GBP/USD passes below 1.3650

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


At mid-day on Tuesday, the GBP/USD reached below the 1.3650 level. Due to that reason the rate could decline even further, as a round exchange rate level has been passed.

A potential further decline of the rate could look for support in the weekly S2 simple pivot point at 1.3608. Below the pivot point, the rate could look for support in the 1.3600 round exchange rate.

On the other hand, a recovery of the pair could look for resistance in the weekly S1 simple pivot point at 1.3676 and the 55-hour simple moving average at 1.3700.
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