HomeContributorsTechnical AnalysisGBP/USD Analysis: Will Surge To 1.3250

GBP/USD Analysis: Will Surge To 1.3250

The British pound appreciated 0.23. % against the US Dollar since Tuesday’s session. On Wednesday morning, the currency exchange pair was located at the 1.3157 mark at the medium-term pattern waiting for break-out.

The rate broke the resistance of 50.00% Fibo, the weekly R1 at the 1.3178 mark and the monthly R1 at the 1.3185 mark due to fundamentals on Wednesday at 8:30 GMT. Most likely, the rate will move upwards to the upper boundary of the trend-line.

Moreover, the monthly R1 at the 1.3185 should give an additional support to the rate to surge upwards near the 1.3250 level.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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