Get started
James-Bennett

GBP/USD is expected to rise in the short term

British Pound / U.S. Dollar (OANDA:GBPUSD)  
James-Bennett Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines GBP support SELL buy Forex
2
0
trendanalysis supportandresistance trendline gbp support sell buy forex
Hello traders,

In the Asian session this morning, the GBP/USD price has shown a downward trend but has yet to break the 1.2586 support level. It is predicted that the price will rise in the short term to the resistance zone at 1.2675 and then retrace back to the support zone at 1.2586.
Comment:
The price continues to ascend as projected, approaching the resistance zone.

Related Ideas

James-Bennett
USD/JPY holds steady at 151.50 and will break through 152.00
James-Bennett
EUR/USD continues its downward trend after breaching the 1.0803
James-Bennett
Gold Forecast in the Near Future
James-Bennett
What is the current status of the BTC market?
James-Bennett
USD/JPY is in an upward trend phase?
James-Bennett
The impact of interest rate cuts on the Euro
James-Bennett
Gold price continues to increase, expected to reach 2223
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.