GBP/USD Analysis: Locates at 1.3120 mark


The British pound appreciated 0.48 % against the US Dollar. The upper boundary of the medium ascending line resisted the rate and force it to stay into the pattern at the 1.1320 mark during Friday. 

In regards to the near future, the 55-hour and the 100-hour simple moving averages will try to catch up the rate to give additional support on Friday. Most likely, the British pound will move sideways among the upper boundary line of the pattern until the SMAs catch up the rate during the day.  

However, the BOE Government Carney speech at 10:00 GMT this Friday may affect the rate to move any ways. Watch out for the news!



Interested in GBPUSD technicals? Check out the key levels

    1. R3 1.3244
    2. R2 1.3184
    3. R1 1.3146
  1. PP 1.3086
    1. S1 1.3048
    2. S2 1.2988
    3. S3 1.295


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