GBPUSD Analysis: Surges to 1.3250 level

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

1. R3 1.3293
2. R2 1.3238
3. R1 1.3195
PP 1.314
1. S1 1.3097
2. S2 1.3042
3. S3 1.2999

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Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

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