- GBP/USD’s bearish movement slows down
- U.S. Bank Holiday
Price Movement
GBP/USD has been bearish since last Friday.
Trend
GBP/USD’s long-term trend is still upwards.
Macro Background
None.
Important Issue
Expect lower trading volatility and volume today as U.S. banks will be closed in observance of Martin Luther King Jr. Day.
Technical
GBP/USD’s strong bearish move last Friday led to the breaking of the 1.29152 support level.
Price is currently hovering between the support of 1.27905 and resistance of 1.29152.
Price Levels
Current Price: 1.28684
Next Support: 1.27905
Next Resistance: 1.29152
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