GBPUSD Upside Momentum Halted, Eyes Further Weakness
|GBPUSD upside momentum halted during Thursday trading session and now looks to weaken further. That leaves immediate support at 1.3050 level. Further down, support comes in at the 1.3000 level where a break will turn focus to the 1.2950 level. Further down, support comes in at the 1.2900 level. Below here will set the stage for more weakness towards the 1.2850 level. On the upside, resistance stands at the 1.3150 with a turn above here allowing for additional strength to build up towards the 1.3200 level. Further out, resistance stands at the 1.3250 level followed by the 1.3300 level. On the whole, GBPUSD faces further pullback threats.
Interested in GBPUSD technicals? Check out the key levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.