GBPUSD Strong Bullish Bias
The British pound has rallied to a new multi-year high against the US dollar after the pair broke past the technically important 1.3660 level. According to the daily price chart, the GBPUSD pair only has limited technical resistance until the 1.3770 level. To the downside, repeated failure back under the 1.3660 area could see GBPUSD sellers taking the pair back down towards the 1.3500 support rejection.
The GBPUSD pair is only bullish while trading above the 1.3600 level, key resistance is found at the 1.3660 and the 1.3770 levels.
If the GBPUSD pair trades below the 1.3600, sellers may test the 1.3550 and 1.3500 support levels.
Reprinted from ActionForex,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.