GBP/PGK 5.61562

Market Overview

Market Overview The GBP/PGK pair closed at 5.61562, down 0.12% from the previous close of 5.62237, continuing its downtrend over the past 30 days with a decline of 0.88%. The pair remains below its 20-day SMA of 5.65147 and 50-day and 200-day SMAs, indicating sustained bearish momentum. The RSI supports this downtrend, with nearest support at 5.60975 and resistance near 5.68. No major economic events are scheduled imminently, but commodity price fluctuations and UK inflation data may influence price action. Technical indicators confirm weakening buying pressure, consistent with the prevailing downward trend. For information only. Last Updated 12/4/25