HomeContributorsTechnical AnalysisGBPUSD: Bullish, Sets Up To Push Higher Towards 1.3213 Region

GBPUSD: Bullish, Sets Up To Push Higher Towards 1.3213 Region

GBPUSD: The pair continues to face further upside pressure as it looks to recover higher. Resistance stands at the 1.3200 with a turn above here allowing for more strength to build up towards the 1.3250 level. Further out, resistance resides at the 1.3300 level followed by the 1.3350 level. Support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. On the whole, GBPUSD remains biased to the upside.

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Mohammed Isah is a co-founder, technical strategist and head of research at FXAssure.com. He has been trading and analyzing the foreign exchange market for the past 7 years. He formerly traded stocks before crossing over to the forex market where he worked for FXInstructor LLC as a technical analyst and head of research before Joining FXassure.com.

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