Get started
FXTechstrategy

GBPUSD Eyes Further Upside Pressure On More Bull Pressure

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
FXTechstrategy  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns Forex
7
0
trendanalysis harmonicpatterns chartpattern forex
GBPUSD with the pair remaining biased to the upside more strength is expected in the days ahead. Support lies at 1.3100 area with a break below that level turning focus to the 1.3050 level. Further down, support comes in the 1.3000 level where a violation will shift focus to the 1.2950 level. Below here will open the door towards the 1.2900 level. On the upside, resistance is located at the 1.3200 with a break above there allowing for morel strength to build up towards the 1.3250 level. Further out, resistance stands at the 1.3300 level followed by the 1.3350 level. On the whole, GBPUSD retains its broader upside pressure.
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.