The GBPUSD looks less favorable than EURUSD, in my opinion.
It has the same short term uptrend, but the price action isn’t as telling as its euro counterpart.
GBPUSD buyers need to secure a daily close above 1.2980 to send the price higher.
Notice how 1.2980 has served as resistance for several weeks.
Support for the week ahead comes in around 1.2670.
It has the same short term uptrend, but the price action isn’t as telling as its euro counterpart.
GBPUSD buyers need to secure a daily close above 1.2980 to send the price higher.
Notice how 1.2980 has served as resistance for several weeks.
Support for the week ahead comes in around 1.2670.
