GBP/USD touches 1.3300 mark

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


During the night to Wednesday, the GBP/USD currency exchange rate reached the 1.3300 mark. The 1.3300 level acted as resistance and caused a decline.

The following sharp decline reached below the 1.3200 mark by the start of the day's US trading hours at 13:30 GMT. Moreover, the pair reached below the zone of the March high levels at 1.3195/1.3210. Meanwhile, it was spotted that the 100-hour simple moving average's support was still holding near 1.3180.

If the Pound passes below the 100-hour simple moving average near 1.3180 against the US Dollar, the pair would have not close by technical support. Namely, the rate might decline to the support zone at 1.3110/1.3130, the weekly simple pivot point at 1.3124 and the 200-hour simple moving average at 1.3125.

However, a recovery of the pair would have to reach above 1.3195/1.3210 zone and the 50-hour simple moving average, before reaching for the weekly R1 simple pivot point at 1.3278 and the 1.3250 mark. Further above, note the 1.3300 mark.
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