The Sterling showed an upward movement versus the US Dollar after a report that said the European Union is prepared to grant another Brexit extension to the U.K. to prevent the country from leaving the bloc without a deal.
Focus on the key resistance level of 1.2428. In order for the GBPUSD upward movement to continue, it needs to rise and stay above 1.2428 on four hourly basis. Should this occur, we will see face 1.2502 as the next resistance level. Otherwise, we will see the support level at 1.2364.
Support : 1.2364 - 1.2286 - 1.2205
Resistance : 1.2428 - 1.2502 - 1.2572
13 Sep 19 (Fri)
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