During Wednesday’s trading session, the British Pound was supported by the 200-hour SMA to break the resistance level of the 36.10% Fibo at 1.3162. Today, the currency exchange rate was located below the 36.10% Fibo at the 1.3159 mark.
Most likely, the 200-hour and the 55-hour simple moving averages will support the rate to break the 36.10% Fibonacci retracement level at the 1.3162 mark.
In addition, most likely, the British Pound will end the trading day at the 1.3150 level.
