Cable Rallies amid US Housing Data
The Great Britain Pound (GBP) inched higher against the US Dollar (USD) on Friday, increasing the price of GBPUSD to more than 1.3900 following some key economic events. The technical bias remains bullish because of a higher low in the recent downside move.
GBP/USD Technical Analysis
As of this writing, the pair is being traded near 1.3922. A hurdle may be noted around 1.3955 (a major horizontal resistance zone) ahead of 1.4000(a psychological level) and then 1.4043 (another major resistance area).
Read more: https://blog.fxopen.com/cable-rallies-amid-us-housing-data/
Really good analysis of GBPUSD @marta-zaidel.Thanks for sharing.
Prices goes up when the currency falls, and people are affected mostly...