GBP/USD testing a key support around 65% Fibo level

GBP/USD testing a key support around 65% Fibo level

GBP/USD remains supported by the Fibonacci zone of 65% at 1.3335 and looks forward to test fresh highs across the board. Such level should give up in order to invalidate the bullish scenario and the next target will be the November 28th lows at 1.3220. However, to the upside, if the pair manages to break above December 8th highs, then the next target lies at -23.6% Fibo level at 1.3626.

RSI indicator remains hovering in the positive territory.

GBPUSDH1.png

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