Note: This section contains information in English only.
Since the middle of Monday's trading, the GBP/USD currency pair has remained almost flat, as it trades in the 1.2300/1.2375 range. In the meantime, previous forecasts remained valid.
If the rate declines below the 1.2300 mark, the pair could find support in the 2020 July low level at 1.2260. Further below, support is highly likely going to be provided by the 1.2250 mark and the weekly S1 simple pivot point at 1.2197 together with the 1.2200 level.
Meanwhile, a recovery of the Pound against the US Dollar would have to pass the 1.2400 mark and the 100-hour simple moving average, before approaching the April low levels at 1.2413/1.2423, the weekly simple pivot point at 1.2417.
Tue, 10 May 2022 14:12:24 GMT
Source: Dukascopy Bank SA
Since the middle of Monday's trading, the GBP/USD currency pair has remained almost flat, as it trades in the 1.2300/1.2375 range. In the meantime, previous forecasts remained valid.
If the rate declines below the 1.2300 mark, the pair could find support in the 2020 July low level at 1.2260. Further below, support is highly likely going to be provided by the 1.2250 mark and the weekly S1 simple pivot point at 1.2197 together with the 1.2200 level.
Meanwhile, a recovery of the Pound against the US Dollar would have to pass the 1.2400 mark and the 100-hour simple moving average, before approaching the April low levels at 1.2413/1.2423, the weekly simple pivot point at 1.2417.