Dukascopy Bank Team
Dukascopy Bank SA
GBP/USD
On Tuesday morning, the GBP/USD currency exchange rate found resistance at 1.3290. The event was followed up by a decline. By the middle of the day's European trading hours, the pair had reached the 1.3240 level.
A continuation of the decline of the GBP against the USD might result in the rate once again testing the support zone at 1.3195/1.3210. The zone consists of the November 30 and December 3 low levels.
Meanwhile, a surge of the rate might find resistance in the 50-hour SMA at 1.3250, the weekly simple pivot point at 1.3269, the 100-hour SMA at 1.3277 and the 1.3275/1.3290 zone. Above these levels, the 1.3300 mark and the 200-hour simple moving average are highly set to act as resistance.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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