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Spotlight on GBPUSD. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.
 

GBPUSD

Looking at GBPUSD’s chart, we can see that the FX pair is traded at around the rate of $1.2758.

Last night, Fed’s Powell indicated more interest rate hikes, which means that the FX pair will eventually fall, as USD should get stronger. Therefore, if the forex pair today is unable to pass the resistance level at around $1.28, then it should test its support level at approximately $1.27.

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