GBPUSD

GBPUSD

The Sterling dropped sharply versus the US Dollar yesterday as optimism faded that the U.K. government and the main opposition party may be able to reach a consensus on a way forward to leave the European Union.
Now, focus on the 1.2931 major support level in the GBPUSD pair. As long as the price sustains above 1.2931 on a four hourly basis, the fall may be limited and the daily resistance level can be seen at 1.2994. Otherwise, if the price breaks down below 1.2931, we will follow the next daily support level at 1.2871.

Support : 1.2931 - 1.2871 - 1.2807

Resistance : 1.2994 - 1.3055 - 1.3152

14 May 19 (Tue)

06:36 am



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