GBP / USD Technical Analysis - Uniglobe Markets

GBP / USD Technical Analysis

Posted on April 15, 2019 at 05:43 AM

The GBPUSD continues to trade in negative territory, settling around the 1.3070 level

The stability of trading below this price will keep the negativity intact, while trading below the psychological barrier 1.2970 will be more negative to confirm these expectations. As a break above 1.3120 could be a reason to break the bearish trend and start a new bullish trend.

Support: 1.3000

Resistance: 1.3130

Trend: The pair is trading below 1.3070 targeting the 1.2970 level as far as 1.3120 is intact

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