GBP/USD reamins at 1.3050/1.3100

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Source: Dukascopy Bank SA


Since the middle of Tuesday's trading, the GBP/USD currency exchange rate remains in the range between the support zone at 1.3047/1.3057 and resistance at 1.3100/1.3109. Meanwhile, hourly simple moving averages were approaching from above.

If the pair declines below 1.3050, the weekly S1 is slightly likely set to act as support at 1.3043. Further below, note the 1.3000 mark, which acted as support in March.

On the other hand, a surge would have to pass the 1.3100 mark, the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 1.3100/1.3120 range, before approaching the last week's high levels near 1.3175/1.3180.
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