FxWirePro: GBP /USD rallies towards 1.3323, but reversal is likely
GBP /USD pair advanced towards 1.3323levels in today’s US session after buyers stepped in, following further stimulus measures by Japan and surge in Britain's construction PMI which came slightly better than expected. Ho…
GBP /USD pair advanced towards 1.3323levels in today’s US session after buyers stepped in, following further stimulus measures by Japan and surge in Britain's construction PMI which came slightly better than expected.
However, further gains should be limited as the resistance level at 1.3400 levels should limit upside and bring a decline towards lower levels.
To the upside, the immediate resistance can be seen at 1.3318, a break above this level would take the pair towards next resistance level at 1.3383.
To the downside immediate support can be seen at 1.3268 levels, a break below this level will open the door towards next level at 1.3215.
