GBPUSD Attempts to Pare Losses

0 140

The British pound sterling is posting modest gains on Tuesday following the strong sell-off on Monday. But price action remains subdued in comparison to Monday’s prices.

The Stochastics oscillator remains near the oversold levels. However, this bias remains mixed.

To the downside, the support area near 1.3500 is likely to come in as support.

To the upside, for the uptrend to continue, GBPUSD will need to rise above the previous highs near 1.37.

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

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.