During Friday’s morning hours, the British Pound passed through the support levels of the 55-hour and the 200-hour simple moving averages to trade at the 1.3047 mark.
In regards to the near-term future, most likely, the rate will be resisted by the bottom boundary of the descending pattern line at 1.3050 mark to break the weekly pivot point at the 1.3084 mark.
However, the British Pound could depreciate against the US Dollar during today’s US Employment data sets release at 13:30 GMT to touch the bottom boundary of the medium ascending pattern line at 1.3000.
Written by Admin
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