GBP/USD remains above 1.3000

Source: Dukascopy Bank SA


Since the middle of Thursday's trading up to the morning hours of Friday, the GBP/USD currency pair traded near the 1.3020 level. Due to that reason, the previous forecast scenarios remained relevant.

A decline of the Pound against the US Dollar might look for support in the 1.3000 mark and the April low level zone at 1.2975/1.2990.

Meanwhile, a move above the 1.3080 level is expected to encounter resistance in the 1.3100 level, prior to approaching the weekly R1 simple pivot point and the resistance zone at 1.3140/1.3147.
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