Since yesterday, the GBP/USD exchange rate has been trading sideways in the 1.3850 area.
It is likely that the currency pair could gain support from the 55-hour SMA, as well the weekly R1 near 1.3800. Thus, some upside potential could prevail in the market. In this case the pair could target the 1.3950 level.
In the meantime, note that the exchange rate is pressured by the weekly R2 at 1.3879. If the predetermined resistance level holds, the rate could continue to trade sideways in the nearest future.
Written by Admin
Install your trader software at VPS server of one of the super fast providers:
Do you want to have such profits and charts? Choose our Megastorm EA for trading in the Forex market...
Rick Nazarro of Colonial Manor Realty talks with a pair of interested buyers in the ...
A logo of Ant Group is pictured at the headquarters of the company, an affiliate ...
While the number of Americans struggling to put food on the table and pay bills ...