GBP/PLN
GBP/PLN market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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GBP/PLN details
GBP/PLN is a currency pair that consists of the Great British pound (the base) and Polish zloty (the quote). It tells you how many zloty it takes to purchase a single pound.
The market is considered an ‘exotic’ currency pair as it pits a non-major currency – the zloty – against a major one, the pound. The zloty is the most traded Central and Eastern European currency, although it falls outside the global top 10 currencies.
Poland is a member of the European Union but has been reluctant to join the Eurozone.
| Margin from | 5.0 % |
| Min trade size | 1,000 |
| Long | -1.36 |
| Short | -1.92 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 100 Points |
Spreads
| Spreads from | 0.003 Points |
Margins
| 0 - 640,000 | 5.0 % |
| 640,000 - 3,200,000 | 10.0 % |
| 3,200,000 - 6,400,000 | 15.0 % |
| 6,400,000 - 13,000,000 | 20.0 % |
| 13,000,000 + | 40.0 % |
Dealing
| Spreads from | 0.003 Points |
Margins
| 0 - 640,000 | 5.0 % |
| 640,000 - 3,200,000 | 10.0 % |
| 3,200,000 - 6,400,000 | 15.0 % |
| 6,400,000 - 13,000,000 | 20.0 % |
| 13,000,000 + | 40.0 % |
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