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Market Overview
The GBP/PGK pair closed at 5.71924, down 0.09% from the previous close of 5.72439, continuing its established uptrend with a 30-day return of 0.43%. The price remains supported by the 20-day moving average at 5.7170 and the 50-day average near the same level, while the 200-day average is not specified. The RSI indicates moderate momentum, consistent with the upward trend. Key support is around 5.68535, with resistance near the 30-day high of 5.73039. No major upcoming events are noted, but traders should monitor UK economic data and commodity prices affecting the Papua New Guinean Kina. For information only.
Last Updated 1/22/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.