GBP/USD: Will the pair rise towards its resistance level at around $1.2880?

AAATrade Team AAATrade

Looking at GBPUSD’s chart, we can see that the GBP lost significant ground over USD in the past days, and it is currently traded around 15-20 pips above the support level at the rate of around $1.2845. Today, if it manages to hold it above the support level of $1.2825-1.2830, then we could expect it to rise further towards the resistance level at around $1.2880, otherwise it should re-test the level of $1.28.

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AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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