GBP/USD trades between round levels

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


On Monday, the GBP/USD was facing the resistance of the 1.1400 level and the support of the 1.1300 level.

A move below 1.1300 might look for support in the weekly simple pivot point at 1.1265, the 50, 100 and 200-hour simple moving averages and the 1.1250 level. Further below, take into account the 1.1200 and 1.1150 levels. Afterwards, the last week's low and the 1.1100 level could act as support.

However, a recovery of the Pound against the US Dollar would have to pass the 1.1400 level, before testing the 1.1450 and the weekly R1 simple pivot point at 1.1470. Higher above, note that the 1.1500 level could act as resistance.
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