GBPUSD: Bullish, Resumes Short Term Uptrend

Mohammed Isah FXTechstrategy

GBPUSD - The pair faces further move higher as it builds up on its Thursday gain. Support lies at the 1.3600 level where a break will turn attention to the 1.3550 level. Further down, support lies at the 1.3500 level. Below here will set the stage for more weakness towards the 1.3450 level. Conversely, resistance stands at the 1.3650 levels with a turn above here allowing more strength to build up towards the 1.3700 level. Further out, resistance resides at the 1.3750 level followed by the 1.3800 level. On the whole, GBPUSD looks to move further higher in the days ahead.

Interested in GBPUSD technicals? Check out the key levels

1. R3 1.3672
2. R2 1.3614
3. R1 1.3575
PP 1.3516
1. S1 1.3477
2. S2 1.3419
3. S3 1.338

Author

Mohammed Isah

FXTechstrategy

Mohammed Isah is a technical strategist and head of research at FXTechstrategy.com, a technical-research Web site. He has been trading and analyzing the foreign exchange market since 2010.

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