GBP is trading very weak and failed to stabilize above 1.2795. Trading remained below the mentioned level most of the time, weakening the upside potential and showing that the pair does not have bullish momentum.
The pair has risen since the beginning of trading day bouncing higher from support level at 143.36
Currently prices are trading near resistance level at 124, exceeding this level would send prices
The pair has fallen back since the beginning of trading day after failing to break through resistance level at 0.69. current support will be at 0.6860 then 0.6815. while levels of 0.69 and 0.6945 would provide resistance for prices in the way up.
The pair bounced higher from 0.9758 in the wake of sharp decline during last days, we expect retracement move
Prices pulled back with the beginning of trading day to uptrend of the ascending channel from level of 0.7405
Currently the pair is moving in sideways range between support at 1.3575 and resistance at 1.3670.
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