GBPUSD continues to increase prices
Updated
Hello dear friends, What do you think today about GBPUSD, will it rise or fall?
On the 1H chart, after surpassing the resistance level at 1.227, GU has gained momentum to continue moving upwards. The bullish trend is still prioritized, with the current resistance level at 1.233 and support at 1.225. Karina's target for this uptrend is the high level at 1.241.
What about you? What are your thoughts on GBPUSD today?
On the 1H chart, after surpassing the resistance level at 1.227, GU has gained momentum to continue moving upwards. The bullish trend is still prioritized, with the current resistance level at 1.233 and support at 1.225. Karina's target for this uptrend is the high level at 1.241.
What about you? What are your thoughts on GBPUSD today?
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Comment
The UK's real Gross Domestic Product (GDP) expanded by 0.2% on a monthly basis in August, the UK's Office for National Statistics reported early Thursday. This reading followed the 0.6% contraction (revised from 0.5%) recorded in July and matched the market expectation. Other data from the UK revealed that Manufacturing Production and Industrial Production declined by 0.8% and 0.7% in the same period, respectively. Although the immediate market reaction to these figures was muted, they seem to be making it difficult for the Pound Sterling to continue to gather strength.Comment
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