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LimitMarkets
Dec 13, 2019 8:00 AM

1.3376 is on our radar in GBPUSD Short

British Pound/U.S. DollarFXCM

Description

After the UK election, we observed a strong upward movement in GBPUSD, yet the movement cannot be permanent above 1.3500 and also, we may observe retreats due to the profit realizations in the parity. In this context, current selling pressure may last until the parity reaches 1.3376, on the condition that the price stays below 1.3506.
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