GBPUSD Positioning For A Move Higher


The pound sterling lost some ground, down over 0.80% intraday.

However, prices are recovering after the level near 1.2485 didn’t manage to stall the declines.

The Stochastics oscillator is hinting at a potential hidden divergence. This puts the upside bias in view.

A continuation higher will see GBPUSD potentially reaching for the 1.2858 level where resistance will most likely form on the initial test of the price level

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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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