June 26th, 2018

Good morning traders!

Let’s take a technical look at GBPUSD. The pair has a light news day this morning, with two MPC members speaking later in the day. GBP has gained ground with a three day bullish push before stalling out at the 1.3300 price level, however the reversal hasn’t been completely dismissed as the pair has found support mainly around 1.32600 with a small dip down to 1.32200. For short-term long positions trades should be initiated with caution around 1.32600, but a more conservative stance may want to wait to see if 1.3235 is tested again.

Happy trading!


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