The GBPUSD currency showed upward move and hit the 1.2985 resistance level yesterday. In the event that the price goes beyond 1.2985, the next resistance level will be at 1.3120. On the other hand, if the pair shows a downward move, we will face support levels at 1.2860 and 1.2775. However, as long as the price sustains above 1.2860 on a daily basis, we think the positive outlook may be behind the Sterling.
Support: 1.2860–1.2775 –1.2685
18 May 17 (Thu)
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