GBPUSD: Expected To Rise Towards Its Resistance Level At Around 1.2180
Looking at GBPUSD’s chart, we can see that it is traded at around 1.213, up from yesterday’s drop level of below 1.2080, caused by the announced BOE interest rate.
Today if it manages to hold the rate above 1.2080, then we could see it rising towards its resistance level at around 1.2180 otherwise it should fall towards its support level at about 1.2020.
(Click on image to enlarge)
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