GBP/USD recovers on Tuesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The GBP/USD currency exchange rate surged on Tuesday, as it reached above the resistance of the 50 and 100-hour simple moving averages near 1.3530 and 1.3550. At mid-day European trading hours, the pair shortly reached above the 1.3560 level.

If the Pound continues to surge against the US Dollar, the pair could aim at the February high level zone at 1.3615/1.3628. Above the resistance zone, the weekly R1 might stop a surge at 1.3646.

However, a decline of the currency pair might look for support in the 50-hour SMA near 1.3530, the weekly simple pivot point at 1.3517 and the 200-hour SMA at the 1.3500 mark.
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Tue, 08 Feb 2022 13:04:04 GMT

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