June 28th, 2018

Good morning traders!

Let’s take a technical look at GBPUSD. The Pounds weaker UK data saw to it that the GBPUSD pair broke below all previous supports, continuing its trend of breaking yearly lows. The next resistance level is 1.3060, however that may only be a tentative stall before momentum pushes it to the next support of 1.2985. Caution should be in place during this volatile period, with sell positions ready if the price moves back to 1.3105.


Happy trading!

 

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