GBP/USD touches 1.2500

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


The GBP/USD mark shortly reached above 1.2500 at midnight to Tuesday. However, the event was followed by a decline of the Pound against the US Dollar. By mid-Tuesday, the rate had reached the combined support of the 50, 100 and 200-hour simple moving averages near 1.2440.

A move below the simple moving averages could look for support in the weekly simple pivot point at 1.2421. Below the pivot point, note the 1.2400 mark and the weekly S1 at 1.2367.

On the other hand, a recovery of the Pound against the US Dollar could be slowed down by the 1.2460 and 1.2480 levels, before the pair once again tests the 1.2500 mark.
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Tue, 25 Apr 2023 11:32:21 GMT

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