GBPUSD Breaks Through The 1.2669 Resistance Zone

FXAssure • by Mohammed Isah

Forex Trades • Jul 21, 2020 at 11:58 AM EDT

GBPUSD looks to strengthen further after cutting through the 1.2669 resistance on Tuesday. Support comes in at 1.2700 area.

GBPUSD looks to strengthen further after cutting through the 1.2669 resistance on Tuesday. Support comes in at 1.2700 area with a break below that level turning focus to the 1.2650 level. Further down, support lies at the 1.2600 level. A violation will turn focus to the 1.2550 level. Below here will open the door towards the 1.2500 level.

On the upside, resistance is seen at the 1.2800 with a break above there allowing for morel strength to build up towards the 1.2850 level. Further out, resistance stands at the 1.2900 level followed by the 1.2950 level. On the whole, GBPUSD faces further upside threats towards the 1.2812 zone.

(Click on image to enlarge)

gbpusd

Disclaimer:

All the data in this article is for information and educational purposes only. Although the information contained in this article have been compiled or arrived at from sources believed to be reliable, no representation or warranty, expressed or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which the web site and its third party providers incur any responsibility. Please read the full disclaimer and term of use here.