This level has become a key threshold for GBP/USD rates in recent times, with the current economic climate restricting any major advancements for the pound.
The president of the European Council has dared British politicians to back remaining in the EU after Theresa May’s Brexit deal was voted down by the House of Commons by a historic margin of failure.
GBPUSD has reversed back down after the pullback on the 1.3255 resistance level, while it dipped sharply on Monday below the 23.6% Fibonacci retracement level of the downleg from 1.4375 to 1.2660, near 1.3066. Also, cable is holding well below the 20- and 40-simple moving averages (SMAs) which are ready to create a bearish crossover. The short-term bias seems to be neutral as the price holds within the 1.3300 resistance and the 1.2920 support over the last six weeks.
Forex Tips Update I Told You Buy 10—20 Mega Lots GBP/USD Above 1.35850, Watch High 1.36025 Enjoy or Not 175 Pips 1.36025- 1.35850 = 175 Pips “No Magic No Miracle Just Power of Level” Tips By Neal Bhai MFA Technical Analyst 9899900589 & 9582247600
Forex Tips : Buy 10—20 Mega Lots GBP/USD Above 1.35850, We See Blast Only. Tips By Neal Bhai MFA Technical Analyst 9899900589 & 9582247600
Forex Tips GBP/USD Hold Above 1.35600 Buy and Relaxxxxxx MasterMind CFA Technical Analyst — (M) +91-9953161689