Forex Trading – GBP/USD
Yesterday, in the first trading hours, the British pound was in range 1.5855-1.5615 USD. This morning the currency pair is trading at 1.5635-1.5675.
According to the analyses of Trading212, if GBP breaks the resistance levels at 1.5675-1.5700 USD, the aim will be reaching and testing the zone 1.5730-1.5760 USD. If it is successful, the upward trend will continue to 1.5780-1.5810 USD.
If GBP drops below the support levels at 1.5650-1.5620 USD, it will try to find a next support at 1.5600-1.5580 USD. In case of breaking down, the downward trend will continue to 1.5555-1.5535 USD.