Pound Sterling Price News and Forecast: GBP/USD holds onto the previous rebound above 1.3650
|GBP/USD consolidates below 1.3650 amid weaker US dollar, bull cross
GBP/USD is consolidating gains above 1.3650, as the bulls gather pace for the next push higher. That said, the spot is looking to extend the previous day’s rebound from five-day lows of 1.3572, as buyers cheer encouraging fundamental and technical catalysts.
GBP/USD needs to close above D H4 for continuation up
The GBP/USD is bullish now. After a rejection towards 1.3170 zones, the price made a bullish move. Bounce from 1.3615 is playing out and the first target has been made 1.3640. For a bullish continuation up, the price needs to break 1.3650 and we should see 1.3688 as the first target. 1.3732 is the final target. The move down happens if 1.3574 breaks. In that case, the way towards 1.3510 is open. Watch he levels and trade accordingly.
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