GBP/USD reveals resistance zone

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


The GBP/USD currency exchange rate confirmed the 1.3080 level and a zone above it as resistance, during the first half of Thursday's trading. The event was followed with a decline, which by mid-day was looking for support near the 1.3030 level. In the meantime, the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point appeared to be ignored by the exchange pair.

A further decline of the Pound against the US Dollar might look for support in the 1.3000 mark and the April low level zone at 1.2975/1.2990.

Meanwhile, a move above the 1.3080 level is expected to encounter resistance in the 1.3100 level, prior to approaching the weekly R1 simple pivot point and the resistance zone at 1.3140/1.3147.
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Thu, 21 Apr 2022 13:41:02 GMT

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