News

GBP/USD Price Analysis: Pound trading in five-week’s highs near 1.3140 level

  • GBP/USD is spiking to the upside amid broad-based USD weakness. 
  • The level to beat for bulls is the 1.3143 resistance.  
 
 

GBP/USD daily chart

 
GBP/USD rebounded sharply from above 1.2700 and the 2020 lows to hit the 1.3200 figure five days later. The pound seems en route toward the 2020 highs. 
 

GBP/USD four-hour chart

 
GBP/USD is spiking up while above the main SMAs as bulls remain firmly in control. If the market breaks the 1.3143 resistance the next levels to watch can be located near the 1.3200 and 1.3252 resistances, according to the Technical Confluences Indicator. On the other hands, dips could find support near the 1.3060, 1.3020 and 1.2978 levels. 
 
 
Resistance: 1.3143, 1.3200, 1.3252
Support: 1.3060, 1.3020, 1.2978
 

Additional 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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.