HomeContributorsTechnical AnalysisGBPUSD 1.2770 Support Holds

GBPUSD 1.2770 Support Holds

The British pound has started to recover higher against the US dollar after data this morning showed that the UK economy missed falling into a technical recession. The 1.2820 level now provides the strongest form of near-term resistance for the GBPUSD pair. Overall, the 1.2770 level remains a vital pivot with the GBPUSD pair either bouncing from this area or sinking lower towards the 1.2740 level.

If the GBPUSD pair trades above the 1.2770 level, key resistance is found at the 1.2820 and 1.2850 levels.

If the GBPUSD pair trades below the 1.2770 level, key support is found at the 1.2740 and 1.2710 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