Technical analytics



The GBP/USD pair opened on a weaker note and maintained a positive sentiment during the night and morning trades. The pound recovered to the 1.3600 area where fresh offers stopped its incline. A bout of fresh selling pressure returned the major below the just broken level where the sterling closed the European session. The resistance lies at 1.3700, the support comes in at 1.3600.


The most probable scenario involves a new leg higher and a test of a 1.3700 resistance area.

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