Looking at GBPUSD Chart, we can see its climb from the 1.305 range on the 16th of March, clearing the 1.31 level with relative ease, reaching as high as 1.32 momentarily, but ultimately stabilizing at the 1.315 range after some ups and downs. Support is formed around the 1.31 range and the 1.32 is acting as overhead resistance. It was last found trading at the 1.315 range.
Today we can expect another attempt climbing towards the 1.32 overhead resistance.
If however, it doesn’t manage to hold on to the current level, then we could expect a move towards the 1.31 range.
(Click on image to enlarge)
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