Further Upside For GBPUSD After Clearing 1.20

The British pound is up over 2% on the day after clearing the 1.2000 handle. In the near term, the 1.2000 region will be tested.

The current upside could see prices testing the 1.2277 region.

Given the divergence showing up on the charts, we expect that a new range will be forming within the 1.2277 and 1.1878 region.

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About the Author
“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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