GBP/USD trades below 1.3200

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Source: Dukascopy Bank SA


The GBP/USD currency pair has been trading below the zone at 1.3195/1.3210 since mid-Wednesday. On Thursday, the pair shortly touched the 1.3160 level, before returning to the resistance zone.

If the currency exchange rate declines, it could once again look for support in the 1.3160 level, before approaching the 200-hour simple moving average near 1.3140. Further below, note the support zone at 1.3110/1.3130.

On the other hand, a surge above the 1.3195/1.3210 zone might encounter resistance in the form of the 50-hour simple moving average at 1.3225, before approaching the 1.3250 level and the weekly R1 simple pivot point.
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