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GBPUSD Gains After Breakout Of The Upper Range

Posted On 15 Apr 2020
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Price action in GBPUSD saw prices pushing slightly higher.

This comes following a rather weak upside breakout on Monday.

GBPUSD was trading flat in the past few sessions within the 1.2485 and 1.2277 levels.

However, with momentum picking up, the pound sterling is making some modest gains.

The upside target at 1.2858 is now likely to be tested for resistance.

Watch for a possible retracement back to 1.2485 for support to form.

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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