Could GBP/USD fall towards 1.2225?
Looking at GBPUSD Chart, we can see that it is currently traded at the rate of 1.2299, which is close to its support level at around 1.2270. if it manages to hold its rate above that support level, then we should see it rising towards its resistance level at around 1.235 otherwise it could fall towards its next support level at around 1.2225. Read more...
GBP/USD Forecast: Pound faces next hurdle at 1.2360
GBP/USD has gained traction early Monday and touched its highest level in 10 days above 1.2300. The near-term technical outlook suggests the pair looks to stretch higher but investors might refrain from committing to additional pound gains amid political jitters. Read more...
GBP/USD surrenders modest intraday gains to one-week high and flatlines below 1.2300
The GBP/USD pair gained some positive traction on Monday and shot to over a one-week high during the early part of the European session. Spot prices, however, struggled to capitalize on the move or find acceptance above the 1.2300 mark and have now surrendered a major part of the intraday gains. Read more...
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