GBP/USD is now holding minor support at 1.2870/80 to target strong resistance at 1.2920/30. If we continue higher look for a test of 6-week trend line resistance at 1.3000/1.3010.
Only very minor support at 1.2870/80 but below here targets what should be better support at 1.2835/25. We bottomed exactly here yesterday but a break below 1.2800 today risks a retest of 1.2770/60 which has held surprisingly well. However further losses target 1.2710/05 & Fibonacci support at 1.2690/85.
Add a Comment