Looking at GBPUSD’s chart, we can see that GBP lost ground against USD in the past few days and that the FX pair is currently trading close to its support level at around 1.1217. Today, if it will manage to hold the rate above its support level which is located at around 1.12, we could see it rising towards its resistance level at around 1.1350 otherwise it should drop towards its next support level at around 1.1150.
(Click on image to enlarge)
More By This Author:
XAUUSD: Could Potentially Climb Towards Its Resistance Level
Netflix: Expected To Skyrocket Above Its Very Strong Resistance Level
EURGBP: Expected To Rise Towards Its Resistance Level
Comments
Log in or sign up to join the conversation.