GBP/USD finds support at 1.2590/1.2610

Source: Dukascopy Bank SA


The decline of the GBP/USD currency exchange rate has reached the support of the 1.2590/1.2610 zone.

A potential move higher could encounter resistance in the weekly simple pivot point at 1.2656. Higher above, note the 50, 100 and 200-hour simple moving averages that are capable of impacting the rate.

In the meantime, a passing below the 1.2590 level might result in the rate declining to the weekly S1 simple pivot point at 1.2518.
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