Mon, 25 Mar 2024 16:33:07 GMT
GBP/USD does not decline
Despite moving below the 1.2590/1.2610 range, the GBP/USD did not extend the decline. Instead, buying started at 1.2580 and the pair managed to recover. By mid-Monday, the rate was approaching the 1.2650 level and the weekly simple pivot point at 1.2659.
A move above the weekly simple pivot point at 1.2659 could encounter resistance in the 100 and 200-hour simple