GBPUSD continued its sideways movement in a trading range between 1.2905 and 1.3284. The sideways movement is likely consolidation for the uptrend from 1.1958, a break of 1.3284 resistance could trigger further upside movement towards 1.3800.
GBPUSD continued its sideways movement in a trading range between 1.2905 and 1.3284. The sideways movement is likely consolidation for the uptrend from 1.1958, a break of 1.3284 resistance could trigger further upside movement towards 1.3800.
On the downside, a breakdown below 1.2905 support would confirm that the upside movement had completed at 1.3514 already, then the pair would find next support at around 1.2500.
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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