GBPUSD Continues To Maintain A Bullish Position

The British pound is retracing some of the gains from Friday’s session. However, price action looks bullishly positioned.

There is scope for a decline to 1.2277 where support could be forming.

This will position the currency pair toward further gains to 1.2858.

In the event that price action slips below this level, then the declines will test the lower support at 1.1878.

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“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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