Pound Sterling Lifting Higher, But Within The Range

The pound sterling is building up on some modest momentum. This comes after prices retreated back to the support area of 1.2277.

At this rate, we expect the upside bias to persist. In the near term, the upside range of 1.2485 will be tested.

If price breakouts above this level, then we expect a move higher toward 1.2858.

Alternately, if price fails to break out, then we expect a move back to the lower end of the range.

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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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