Tue, May 18, 2021 @ 10:48 GMT
Home Contributors Technical Analysis GBP/USD Trades Above 1.3915

GBP/USD Trades Above 1.3915

On Monday, the GBP/USD started the week with an extension of Friday’s surge. Namely, the rate confirmed previous resistance near 1.3800 as support and resumed the surge that started just before mid-day on Friday.

In the near term future, the rate was expected to continue to surge, as it had passed the resistance near 1.3900. Next target for a surge was the 1.3950 level and afterwards, the 1.3967 mark.

On the other hand, the rate could consolidate by trading above the support of the 1.3900 mark.

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