GBPUSD

GBPUSD

The Sterling surged yesterday against the dollar as the Bank of England suggested that the U.K. was on track for a stronger than expected rebound following its worst slump in more than 40 years in the first quarter.
The GBPUSD pair showed an upward movement and moved up above the main support level of 1.2364. As long as the pair stays above 1.2364 on a daily basis, the upward movement may continue, we will see 1.2428 and 1.2502 as resistance levels. On the other hand, if the price drops below 1.2364, we will see the next support level at 1.2286.

Support : 1.2364 - 1.2286 - 1.2205

Resistance : 1.2428 - 1.2502 - 1.2572

01 Jul 20 (Wed)

06:29 am



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