The British pound appreciated 0.66 % against the US Dollar since Thursday’s session. On Friday morning, the rate was supported by the 100-hour SMA at the 1.3008 mark.
During Friday’s session, most likely, the rate will surge upwards to the 1.3060 level due to support of the 100-hour and the 55-hour SMAs. The rate might break the resistance of the monthly PP at the 1.3038 mark and use it as support to break the 200-hour simple moving average during the day.
On the other side, the monthly PP may resist the rate to pass the simple moving averages supports to trade at the 1.2980 level on Friday.
