GBPUSD

image

GBPUSD

The GBPUSD pair may want to continue its pressure below the 34-period exponential moving average (1.2610). With this in mind, pressure can be monitored towards the supports of 1.2560, 1.2525 and 1.2468. The 1.2730 region acts as a strong resistance. If it rises above the 1.2665 region again, it will enter the trend it has ended, and it can technically increase to 1.2730. Support: 1.25250 Resistance: 1.27300