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Despite reaching above the 1.2300 mark, the GBP/USD found resistance in a recent high level zone at 1.2315/1.2330. Meanwhile, support is being found in the 200-hour simple moving average and the weekly simple pivot point at the 1.2250 mark.
A move above the resistance zone might be stopped by the weekly R1 simple pivot point at 1.2337. Higher above, note the June 16 high level zone at 1.2400/1.2407 and the weekly R2 simple pivot point at 1.2413.
On the other hand, a move below the weekly simple pivot point at 1.2249 and the 200-hour simple moving average might look for support in the 1.2200 mark. Further below, note the weekly S1 simple pivot point at 1.2174 and the support zone at 1.2160/1.2160.
Tue, 28 Jun 2022 10:36:21 GMT
Source: Dukascopy Bank SA
Despite reaching above the 1.2300 mark, the GBP/USD found resistance in a recent high level zone at 1.2315/1.2330. Meanwhile, support is being found in the 200-hour simple moving average and the weekly simple pivot point at the 1.2250 mark.
A move above the resistance zone might be stopped by the weekly R1 simple pivot point at 1.2337. Higher above, note the June 16 high level zone at 1.2400/1.2407 and the weekly R2 simple pivot point at 1.2413.
On the other hand, a move below the weekly simple pivot point at 1.2249 and the 200-hour simple moving average might look for support in the 1.2200 mark. Further below, note the weekly S1 simple pivot point at 1.2174 and the support zone at 1.2160/1.2160.