GBPUSD 1.3000 Broken

The British pound remains under heavy pressure against the US dollar currency after tumbling towards the 1.3000 area over Brexit concerns. Technical analysis shows that the 1.2860 level is the strongest form of support for the GBPUSD pair below the 1.2930 level. To the upside, the 1.3000 level now becomes former key support turned key intraday resistance for the GBPUSD pair.

The GBPUSD pair is only bearish while trading below the 1.3000 level, key support is found at the 1.2900 and 1.2860 levels.

If the GBPUSD pair trades above the 1.3000 level, key resistance is found at the 1.3100 and 1.3170 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