GBP/USD: resistance waiting for bulls

GBP/USD: resistance waiting for bulls


Bulls faced resistance at 1.3013, so the pair is likely going to achieve the nearest support at 1.2976 - 1.2964. If a pullback from this area happens, we could have another bullish rally towards the next resistance at 1.3056.


There's a consolidation, which is taking place under resistance at 1.3013. Therefore, the market is likely going to test the nearest support at 1.2976 - 1.2964. Meanwhile, if a pullback from these levels happens, bulls will have a green light to test resistance at 1.3046 - 1.3056.



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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