GBP/USD waits for data

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


The GBP/USD currency exchange rate remains near 1.2150, as it expects the release of the US Consumer Price Index and the UK GDP data.

A move below the support zone and the 1.2100 level might look for support in the combination of the 100 and 200-hour simple moving averages near 1.2050. Further below, note the 1.2000/1.2025 range and the weekly simple pivot point at 1.2018.

However, a potential recovery of Pound against the US Dollar could encounter resistance in the weekly R1 simple pivot point at 1.2195 and the 1.2200 level. Higher above, note the 1.2250 and 1.2300 levels and the weekly R2 simple pivot point at 1.2303.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.