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