FxWirePro: GBP/USD consolidates around 1.4660, good to buy on dips
The British pound remained in strong bullish tone against dollar on Monday as buying interest continued as the pair was helped gains in euro against green back after solid numbers on manufacturing from Germany. Currently…
The British pound remained in strong bullish tone against dollar on Monday as buying interest continued as the pair was helped gains in euro against green back after solid numbers on manufacturing from Germany.
Currently the pair is approaching to testing resistance level located at 1.4680, it is set to breach and reach higher levels as dollar is weaker against British pound.
To the upside, the strong resistance can be seen at 1.4733, a break above this level would expose to cable to next resistance level at 1.4800.
To the downside immediate support can be seen at 1.4641, a break below will open the door towards next level at 1.4606.
