GBP/USD broke round resistance level 1.3000

GBP/USD broke round resistance level 1.3000

  • GBP/USD broke round resistance level 1.3000
  • Next buy target - 1.3100

GBP/USD continues to rise inside the minor impulse wave 3 – which started earlier from the support area lying between the pivotal support level 1.2830 (which stopped earlier correction (ii) in July), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse wave from March. Having recently broken the round resistance level 1.3000, GBP/USD is expected to rise further, to next buy target at the next resistance level 1.3100.

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