Will GBP/USD repeat July’s bull race? [Video]
GBPUSD is having a déjà vu of its trendline bounce on June 30, which helped the pair to advance towards a 15-year high of 1.3141 after a tick below the 20-day simple moving average (SMA). Read more…
GBP/USD Forecast: Buyers turn hesitant as 1.2870 resistance holds
GBP/USD climbed to a daily high near 1.2870 in the early European morning on Tuesday but failed to preserve its bullish momentum. 1.2800 aligns as key support for the pair and a drop below that level could trigger a technical selloff. Read more…
GBP/USD: Will the pair rise towards its resistance level at around $1.2880?
Looking at GBPUSD’s chart, we can see that the GBP lost significant ground over USD in the past days, and it is currently traded around 15-20 pips above the support level at the rate of around $1.2845. Today, if it manages to hold it above the support level of $1.2825-1.2830, then we could expect it to rise further towards the resistance level at around $1.2880, otherwise it should re-test the level of $1.28. Read more…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-buyers-turn-hesitant-as-12870-resistance-holds-video-202307251241