17, July 2017

GBP/USD

The pound keeps trying to recover. Buyers regained 1.2900 and reached 1.2950 afterwards. Having posted a weekly high at 1.2950 buyers took a pause to gather some steam. After a brief pause bulls continued climbing towards 1.3000. The resistance lies at 1.3000, the support comes in at 1.2900. 

Inability to post fresh gains may send this market back below 1.2900. Should that level break down sellers will aim at 1.2850 and 1.2800.