FxWirePro: GBP/USD neutral near-term, scope for upward resumption
GBP/USD declined towards 1.3821 levels in the early US session as the pound ran out of strength against US dollar after data showed U.S. jobless claims unexpectedly fell last week. However, short-term buying interest lim…
GBP/USD declined towards 1.3821 levels in the early US session as the pound ran out of strength against US dollar after data showed U.S. jobless claims unexpectedly fell last week.
However, short-term buying interest limited decline as the pair recovered some lost ground to trade around 1.3308 levels.
Currently, the currency pair is trading around 1.3305 levels, it is set to advance further towards 1.3350 later towards 1.3400 levels in the short term.
To the upside, the strong resistance can be seen at 1.3445, a break above this level would expose the cable to next resistance level at 1.3481.
To the downside, immediate support can be seen at 1.3269 a break below at this level will open the door towards next level at 1.3174.
