GBP/USD trades below 1.2500

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


The GBP/USD currency pair has declined below 1.2500, as a broad surge of the US Dollar is occurring. On Monday, the price had recovered after finding support at 1.2445. By the middle of the day's European trading, the rate had returned to the 1.2500 mark.

A move above 1.2500 and the 50-hour simple moving average could face resistance in the weekly simple pivot point at 1.2522. Higher above, note the 100 and 200-hour simple moving averages.

On the other hand, a decline of the Pound against the US Dollar is expected to look for support in 1.2445, before approaching the 1.2400 mark or the weekly S1 simple pivot point at 1.2365.
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