GBP/USD respects round levels

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


The GBP/USD currency exchange rate has bounced off the support of the 1.2400 mark. Previously, the pair respected resistance of the 1.2500 mark. At mid-day on Wednesday, the pair was heading to the 1.2500 mark.

A move above the 1.2500 mark and the resistance zone at it could be slowed down by the weekly R2 simple pivot point at 1.2542. Higher above, note the 1.2600 mark and the weekly R3 at 1.2610.

However, a decline of the rate might look for support in the 50, 100 and 200-hour simple moving average near 1.2430 and the weekly simple pivot point at 1.2421, before reaching the low level zone at 1.2387/1.2392.

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