GBPUSD trading in an upward channel, where the price is currently trading below its upper band. However, a retest of the upper band level along with the resistance at 1.3140 is probable before the retracement lower. The RSI currently is at its overbought level strengthening the opinion of a retracement. Next probable target is at 1.2920 and if continue lower 1.2870 coming into the scope.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.