Tradingwithtamil

GBPUSD: Ascending Support: Supports to Raise.

FX:GBPUSD   British Pound / U.S. Dollar
The latest retreat from 13385, followed by a reversal of 13330, does not speak loudly about the GBPUSD's weakness because this couple still trade well above the upward supportive line of two months. If the pair were able to clear the two resistances mentioned, 1,3530, with 1,3450 as intermediate stop in the rally, might well appear on the bull's ratar. Otherwise 1.3180 and 1.3100 can offer the pair immediate support before it reaches 1,3040. The extended downturn in pairs after 1.3040, however, may not hesitate to visit 1.2950.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.