The Pound Sterling continued to register gains on Friday yet found some resistance at 1.2773, shy of hitting the 50-day moving average (DMA) at 1.2785, which, if cleared, could pave the way for further upside. However, the GBP/USD retreats somewhat and registers modest gains of 0.11%, trading at 1.2760.
After seesawing through most of the week, the GBP/USD pair has been range-bound, capped within the 1.2680-1.2785 range for the last four days. Techincal momentum is favouring Sell... Good opportunity is waiting for selling. The Range will be breaked soon..
Selling at every rise is advised for 1.24 Targets... Good Luck
After seesawing through most of the week, the GBP/USD pair has been range-bound, capped within the 1.2680-1.2785 range for the last four days. Techincal momentum is favouring Sell... Good opportunity is waiting for selling. The Range will be breaked soon..
Selling at every rise is advised for 1.24 Targets... Good Luck
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Disclaimer
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.