GBP/USD failed to break below 1.3027 support and stayed in the trading range between 1.3027 and 1.3337. Another rise towards 1.3337 resistance would likely be seen in the coming days.
GBP/USD failed to break below 1.3027 support and stayed in the trading range between 1.3027 and 1.3337. Another rise towards 1.3337 resistance would likely be seen in the coming days.
Above this level could take price to the bearish trend line on its weekly chart now at around 1.3470. Key support is at 1.3027, a breakdown below this level could signal resumption of the downtrend from 1.3657, then next target would be at 1.2774.
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you.
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