GBP/USD has been in upward direction in the past few days but it eased modestly in the US session to trade below 1.1300 levels. However the upward trend and momentum are still intact and it is set to move to higher levels in the coming days.
Technical indicators are bullish for this pair, RSI is pointing towards higher side at 62.
Major resistance is expected at the at 1.3000. A sustained beak above this level cold sees the market move to 1.3100 levels.
Strong support is expected at the 1.2712 base of the Ichimoku cloud. Break below this barrier could see prices fall towards 1.2600.
Long: @ 1.2980 TP1-1.3050 1.3100 SL 1.2900
Technical indicators are bullish for this pair, RSI is pointing towards higher side at 62.
Major resistance is expected at the at 1.3000. A sustained beak above this level cold sees the market move to 1.3100 levels.
Strong support is expected at the 1.2712 base of the Ichimoku cloud. Break below this barrier could see prices fall towards 1.2600.
Long: @ 1.2980 TP1-1.3050 1.3100 SL 1.2900