GBPUSD Holds Steady Near Upper End Of Range

GBPUSD continues to tread higher at a steady pace.

Price action is trading above the 1.2500 level.

However, the intensity of the breakout could keep the downside risks.

There is scope for prices to slip back to the lower end of the range, or trade sideways within the levels.

A successful continuation to the upside, however, could see the GBPUSD rising to test the upper resistance level near 1.2858.

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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