FxWirePro: GBP/USD rises to one-month highs, maintains bullish bias
GBP/USD opened with gap in today’s Asian session and declined towards 1.4416 levels. But resumed upside as the sterling was bolstered by expectations that UK would vote to stay in the European Union. The pair rose toward…
GBP/USD opened with gap in today’s Asian session and declined towards 1.4416 levels. But resumed upside as the sterling was bolstered by expectations that UK would vote to stay in the European Union.
The pair rose towards to a fresh 1-month high of 1.4522, as sterling gained strength on short buying positions.
Currently the currency pair is trading at 1.4471 levels, it is set to advance further towards 1.4530 later towards 1.4580 levels in the short term.
To the upside, the strong resistance can be seen at 1.4535, a break above this level would expose the cable to next resistance level at 1.4580 levels.
To the downside strong support can be seen at 1.4476, a break below at this level will open the door towards next level at 1.4430.
