The GBPUSD remains in an uptrend mood (1.2560 trend line) with the closest target rate at 1.2736 (20-day ma). A break above the 1.2736 level could possibly force the pair as high as 1.2977. In contrast, support is found at the 1.2605 and 1.2560 respectively. A break below the 1.2560 could possibly force the pair as low as 1.2000 (Psychological). The RSI (DAY) remains at the neutral territory. The CCI (DAY) remains at the neutral territory.

 

Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Capital is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media.

Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.

Author

Christos Nikolaou

View Profile

Subscribe to receive our articles, technical analysis and info on our upcoming events