The GBP/USD remains in an uptrend mood (1.2980 trend line) with the closest target at the 1.3174 . If the price breaks the 1.3174 level, the next target will likely be at the 1.3320. In contrast, support is found at the 1.3059 and 1.2980 respectively. A break below the 1.2980 could possibly force the pair as high as 1.2865 (April Low). The RSI(DAY) remains at the neutral territory. The CCI(DAY) closed at the overbought 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.