GBPUSD (1.3392): The British pound continued to push higher as price rallied close to the 1.3400 handle. Support at 1.3236 remains a level area which could be tested on a decline as this level previously served as resistance. To the upside, the momentum could be seen easing off into the weekend. With the downside well supported, the GBPUSD could remain biased to the upside. However, watch for the support at 1.3236 which will be critical for price action. Failure to hold the declines here could push GBPUSD back lower to test the support at 1.3161 initially.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.