GBP/USD Forecast: Pound Sterling needs to overcome 1.2360 to push higher
Following a decline toward 1.2300, GBP/USD has gathered bullish momentum and advanced to the 1.2350 area early Thursday. The pair faces strong resistance at 1.2360 and it needs to flip that level into support to continue to push higher. Read more…
Could GBP/USD drop to the 1,2010 level?
An uptrend will start as soon, as the market rises above resistance level 1,2350, which will be followed by moving up to resistance level 1,2447.
An downtrend will start as soon, as the market drops below support level 1,2189, which will be followed by moving down to support level 1,2010. Read more…
GBP/USD: Key resistance at 1.2445/50 looks reachable in the near-term – Scotiabank
GBP/USD strengthens to mid 1.23s. Cable should retain a firm undertone, in the view of economists at Scotiabank.
“The broader outlook remains positive – solid trend momentum and a steady run of higher highs and higher lows on the short-term chart that shows the bulls are in control.” Read more…