GBPUSD holds on to the price level, trading flat

0 75

The British pound has been trading flat over the past few sessions near a price level of 1.2485.

We could expect a possible upside breakout on a close above this level. However, the Stochastics oscillator is pushing lower.

This could indicate a possible move to the downside.

The overall price action for GBPUSD is likely to maintain this sideways range until we see a strong breakout from within the levels.

Test your strategy on how the GBP will fare! Open your Orbex Account and start trading now. 


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.