Forex Trading – GBP/USD
Yesterday, in the first trading hours, the British pound was in range 1.5475-1.5595 USD. During the European session, it raised its value to 1.5020 USD. This morning the currency pair is trading at 1.5560-1.5595.
According to the analyses of Trading212, if GBP breaks the resistance levels at 1.5595-1.5615 USD, the aim will be reaching and testing the zone 1.5635-1.5660 USD. If it is successful, the upward trend will continue to 1.5680-1.5700 USD.
If GBP drops below the support levels at 1.5560-1.5535 USD, it will try to find a next support at 1.5520-1.5500 USD. In case of breaking down, the downward trend will continue to 1.5475-1.544 USD.
