GBPUSD for the past few days has reacted to the weekly support level 1.36692. Price has reached a resistance zone 1.37478; a close above this level may attract further bulls to 1.37849, a close below this resistance level (1.37478) may attract further bears to 1.36778 or may experience consolidation.
A break above 1.37916 resistance level may lead to an overall change in weekly trend to the Upside, while a break and close below 1.35676 suggests the bears would continue to take charge in coming weeks.
Disclaimer: What I have shared above is not a financial or investment advice of any sort, it’s just for educational purposes only, whatever trading decision you make is at your own risk.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
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