Despite rising Covid-19 cases and political issue in UK, GBP is holding strong above mid-BB since July 2020 preceded by a selling climax in Mar 2020. The currency pair is currently holding steady above resistance R1, and may potentially continue it's upward trajectory to Fibonacci 1.618 at 1.48. It may meet resistance level at 1.43 on the way up.
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Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
