Hello dear friends! Are you wondering about the next trend of GBPUSD?
Currently, the GBPUSD currency pair is trading at 1.26 and continues to highlight an upward trend by breaking out of the downward price channel. The main driving force behind this pair's rise is the sharp decline of the USD due to the news about the Fed interest rates yesterday.
The resistance level at 1.206 has been broken and turned into a new support area. A corrective move of this currency pair could lead GBPUSD to a stronger upward trend, possibly reaching the 1.27 level in the near future.
Currently, the GBPUSD currency pair is trading at 1.26 and continues to highlight an upward trend by breaking out of the downward price channel. The main driving force behind this pair's rise is the sharp decline of the USD due to the news about the Fed interest rates yesterday.
The resistance level at 1.206 has been broken and turned into a new support area. A corrective move of this currency pair could lead GBPUSD to a stronger upward trend, possibly reaching the 1.27 level in the near future.
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