1.3376 is on our radar in GBPUSD
After the UK election, we observed a strong upward movement in GBPUSD, yet the movement cannot be permanent above 1.3500 and also, we may observe retreats due to the profit realizations in the parity. In this context, current selling pressure may last until the parity reaches 1.3376, on the condition that the price stays below 1.3506.
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.