GBPUSD positioning for a move higher

0 58

The pound sterling lost some ground, down over 0.80% intraday.

However, prices are recovering after the level near 1.2485 didn’t manage to stall the declines.

The Stochastics oscillator is hinting at a potential hidden divergence. This puts the upside bias in view.

A continuation higher will see GBPUSD potentially reaching for the 1.2858 level where resistance will most likely form on the initial test of the price level



or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.