GBPUSD On Track To Hit 1.2813 Technical Resistance

0 39

The British pound sterling resumed its upside following a brief consolidation earlier IN the week.

Price is now just a few pips away from the key technical resistance of 1.2813. A close above this level will see GBPUSD rising to a four-month high.

But if price fails to breakout higher, then we expect a sideways range to form below 1.2813 and supported above 1.2643.

On a weekly basis, GBPUSD is making higher lows, suggesting that the upside is likely to continue.

But this can only be confirmed if price action can close above the 1.2813 handle.

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Your email address will not be published.