The GBPUSD currency found buyers just above the major support level of 1.2860 yesterday. If the upward move continues, we will follow resistance levels at 1.2985 and 1.3120. On the other hand, if the price drops below 1.2850, the next support level will be at 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
17 May 17 (Wed)
Important : One Billion Signals will not be liable for any losses sustained while using the services provided on the One Billion Signals application. This application is not a solicitation to trade forex signals, nor is the representation is being made that any account will, or is likely to, achieve profits or losses similar to those discussed on the application. The past performance of any trading system or methodology is not necessarily indicative of future results.
© 2020 One Billion Signals All Rights Reserved