Skype: Signal2forex / Whatsapp: +79065178835
0$0.00

No products in the cart.

During Friday’s trading session, the currency exchange rate was resisted by the 100-hour SMA to end the trading session at the 1.2745 mark. On Monday morning, the British Pound was trading between the 200-hour and the 100-hour simple moving averages at the 1.2780 mark.

In regards to the near-term future, most likely, the currency exchange rate will trade sideways during the day. It is expected that the 200-hour simple moving average will resist the rate to trade below the weekly pivot point at the 1.2782 mark.

However, the 100-hour simple moving average could support the British Pound to trade above the weekly pivot point at the 1.2780 level on Monday.

– advertisement –


Share this product!