GBP/USD reaches below 1.2100

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


On Thursday morning, the GBP/USD currency exchange rate confirmed the 1.2160/1.2170 zone as resistance and started a decline. By 12:00 GMT, the currency pair had reached below the 1.2100 level and was expected to look for support in the weekly S2 simple pivot point at 1.2085.

A move below the weekly S2 simple pivot point at 1.2085 could encounter support in the 1.2050 level, before reaching the weekly S3 simple pivot point at 1.2010.

Meanwhile, a recovery of the Pound against the US Dollar is expected to face resistance in the 1.2160/1.2170 zone, the 50-hour simple moving average and the weekly S1 simple pivot point at 1.2174.
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Thu, 30 Jun 2022 12:08:14 GMT

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