GBP/USD finds support above 1.2200
The British pound initially tried to rally after gapping lower during the day on Monday, and then rolled over to break back below the 1.2250 level. At this point, it looks as if we are in a bit of a “holding pattern.”{Christopher Lewis}
On the flip side, the 1.2202/06 area is key support (20-SMA in four hours chart and daily low), and then comes 1.2175 (Aug 20 high) and 1.2110. To the upside, immediate resistance levels might be seen at 1.2255/60 and 1.2290.
On the flip side, the 1.2202/06 area is key support (20-SMA in four hours chart and daily low), and then comes 1.2175 (Aug 20 high) and 1.2110. To the upside, immediate resistance levels might be seen at 1.2255/60 and 1.2290.
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