HomeContributorsTechnical AnalysisGBPUSD - Bullish, Remains Biased To The Upside

GBPUSD – Bullish, Remains Biased To The Upside

GBPUSD – The pair continues to retain its upside pressure closing higher on Tuesday and looking to extend that gain. Support lies at the 1.3900 level where a break will turn attention to the 1.3850 level. Further down, support lies at the 1.3800 level. Below here will set the stage for more weakness towards the 1.3750 level. Its daily RSI is bullish and pointing higher. Conversely, resistance stands at the 1.4000 levels with a turn above here allowing more strength to build up towards the 1.4050 level. Further out, resistance resides at the 1.4100 level followed by the 1.4150 level. On the whole, GBPUSD looks to follow through higher.

FXAssure
FXAssurehttps://www.fxassure.com/
Mohammed Isah is a co-founder, technical strategist and head of research at FXAssure.com. He has been trading and analyzing the foreign exchange market for the past 7 years. He formerly traded stocks before crossing over to the forex market where he worked for FXInstructor LLC as a technical analyst and head of research before Joining FXassure.com.

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