GBPUSD Poised for Bullish Reversal after NFP Release

in #gbpusd • 7 years ago

The Great Britain Pound (GBP) inched higher against the US Dollar (USD) on Monday, increasing the price of GBPUSD to more than 1.3050 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 1.3072. A hurdle may be noted around 1.3655 (a major horizontal resistance zone) ahead of 1.3900(a psychological level) and then 1.3943 (another major resistance area).

Read more: https://blog.fxopen.com/gbpusd-poised-for-bullish-reversal-after-nfp-release/

7 years ago in #gbpusd by
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