GBP/USD: resistance waiting for bulls

GBP/USD: resistance waiting for bulls


The price found resistance at 1.2757, but bulls are likely going to reach the next resistance at 1.2817 in the short term. Meanwhile, if a pullback from this level arrives afterwards, there'll be an option to have a local decline in the direction of the closest support at 1.2678 - 1.2634.


We've got a consolidation, which is taking place under resistance at 1.2757. In this case, the market is likely going to test the nearest resistance at 1.2793 in the coming hours. If we see a pullback from this level, bears will have a green light to achieve support at 1.2690 - 1.2643.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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