Dukascopy Bank Team
Dukascopy Bank SA
GBPUSD
The British pound appreciated 0.82% against the US Dollar since Monday's session. During the previous session, the rate was trading sideways between the 50.00% Fibo and the weekly PP at the 1.3147 level to stop the trade at the 1.3151 mark. On Tuesday, the rate was supported by the 100-hour SMA to trade at the 1.3200 mark.
In regards to the near-term future, the British pound will surge upwards to the weekly R1 at the 1.3260 mark due to the support of the 100-hour SMA. Most likely, the British pound will trade at the 1.3200 level on Tuesday.
Moreover, none of the technical indicators may resist the rate from the surge on Tuesday.
Interested in GBPUSD technicals? Check out the key levels
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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