Pound Sterling Price News and Forecast: GBP/USD reverses the previous day’s pullback from two-month top
|GBP/USD Price Analysis: Eyes to regain 1.3600 inside weekly rising triangle
GBP/USD pares the previous day’s losses around 1.3580 amid Tuesday’s Asian session. In doing so, the cable pair picks up bids inside short-term ascending triangle formation. However, steady RSI and sluggish MACD joins the pair’s failures to stay beyond 1.3600 keep sellers hopeful.
GBP/USD analysis: Tests 1.3600 mark
On Monday morning, the GBP/USD currency pair tested the resistance of the 1.3600 mark. By the middle of the day's European trading hours, the pair had bounced off the resistance and returned to levels near 1.3550. Near the 1.3550 mark, the rate might find support in the 100-hour simple moving average and the weekly simple pivot point at 1.3542.
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