GBP/USD pierces 1.3500 mark

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


At mid-day on Tuesday, the GBP/USD currency exchange rate passed the resistance of the 1.3500 mark and shortly fluctuated above this level. Afterwards, the pair retraced to the 1.3480 mark.

If the currency exchange rate continues to decline, it could look for support in the weekly simple pivot point at 1.3443 and the 50 and 100-hour simple moving averages near 1.3430. Further below, there is no support as low as the January low levels near 1.3370.

Meanwhile, a potential surge would have to pass the resistance of the 1.3500 mark, before the rate reaches the weekly R1 simple pivot point at 1.3528.
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