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)
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