GBPUSD Setup
Should the GBP/USD prices remain weak below 1.2520/15 support, an ascending trend line from March 20, around 1.2375, will be the key to watch.
On the upside, the pair’s breakout of 200-day EMA, at 1.2615 now, could attempt another rise to aim for 1.2800 and then to the monthly high near 1.2813. In doing so, February month low near 1.2725 might offer an intermediate halt during the run-up.
On the upside, the pair’s breakout of 200-day EMA, at 1.2615 now, could attempt another rise to aim for 1.2800 and then to the monthly high near 1.2813. In doing so, February month low near 1.2725 might offer an intermediate halt during the run-up.
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