GBPUSD Maintains A Steady Hold On The Upside


The GBPUSD currency pair is near a two-week high.

After clearing the price level near 1.2277, price action is having an upside bias.

The next target is at 1.2424, marking a strong resistance level from earlier attempts.

As a result, GBPUSD might settle into a sideways range. A close above 1.2424 will, of course, mark a full recovery from the slump which began in early May this year.

The declines to the downside are limited for now, as long as 1.2277 holds up.

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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