- February 5, 2020
- Posted by: range
- Category: Forex News
GBPUSD AWAITING BEARISH CLOSE
The British pound is starting to firm above the 1.3000 level against the US dollar after sellers failed to close the daily candle below the 1.2960 level. The GBPUSD pair could trade in a price range between the 1.3000 and 1.3100 levels over the short-term. The latest news towards Brexit should decide whether the GBPUSD pair falls under the 1.2960 level or breaks above the 1.3170 level.
The GBPUSD pair is only bullish while trading above the 1.3000 level, key resistance is found at the 1.3170 and 1.3200 levels.
The GBPUSD pair is only bearish while trading below the 1.3000 level, key support is found at the 1.2960 and 1.2900 levels.