The GBP/USD pair traded in tight range today in the US session as the pair hit few pips low around 1.2950 before recovering slightly to trade at 1.2965 levels. The ongoing weakness is set to continue for this pair as the…
The GBP/USD pair traded in tight range today in the US session as the pair hit few pips low around 1.2950 before recovering slightly to trade at 1.2965 levels.
The ongoing weakness is set to continue for this pair as the resistance level at 1.3092 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
To the upside, the immediate resistance can be seen at 1.2981, a break above will take the pair towards next resistance level at 1.3028.
To the downside strong support can be seen at 1.2937 levels, a break below will open the door towards next level at 1.2876.
