LATEST ARTICLES

GBPUSD Retreats Off The Upper Range Boundary

Posted On 13 Apr 2020
By :
Comment: 0

gbpusd

The British pound made a steady gain, rising to the upper end of the range at 1.2485.

Into Friday’s close, prices were retreating lower. Failure to breakout above 1.2485 could keep the currency pair range-bound.

However, a lot will depend on how price action unfolds from here. Above 1.2485, GBPUSD will be testing the 1.2858 level of resistance to the upside.

Alternately, we could expect prices to drift back lower to the 1.2277 which marks the lower end of the range.

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.

Leave a Reply

*

[adrotate group="2"]
[adrotate group="15"]

InstaForex – Market Analysis

<a href="https://www.instaforex.com/">Forex Portal</a>

Like Us On Facebook

[adrotate banner= "75"]

Follow on Stocktwits

Follow Us on StockTwits

Connect

facebook
twitter
google-plus
youtube
linkedin
rss
Copyright © 2015 Forex Alchemy. All rights reserved.
Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
Disclaimer & Terms of Use     Privacy Policy