HomeContributorsTechnical AnalysisGBPUSD Retains Bullish Bias ABove 1.3205

GBPUSD Retains Bullish Bias ABove 1.3205

The British pound continues to move away from the 1.3290 level against the US dollar, as traders book profits ahead of the release of key Jobs and Wage data from the United Kingdom economy. The GBPUSD pair has recently failed to move price above the 1.3300 level, as ongoing Brexit concerns limit the upside in the British pound. Buyers will look to target the 1.3300 level once again, while sellers will look for a sustained break below the 1.3205 level.

The GBPUSD pair is intraday bullish while trading above the 1.3205 level, key technical resistance is found at the 1.3255 and 1.3300 levels.

If the GBPUSD pair falls below the 1.3205 level, sellers will likely target the 1.3155 and 1.3130 support levels.

Octa
Octahttp://octaengine.com/c/?p=203&bt=gif&b=2369
Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

Featured Analysis

Learn Forex Trading