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GBPUSD Consolidating After A Rally

Posted On 02 Apr 2020
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The British pound has been trading flat since late March. Prices are caught within the range of 1.2485 and 1.2277.

A breakout from this channel is likely to occur in the near term.

Given the upside bias prior to this range, we expect a breakout above this level for the gains to continue.

The price level at 1.2858 level will be the next target in question.

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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