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GBPUSD is making a second break at the daily high. The first move failed after the price move toward the next target at the 1.2543 level, fell short. As a result, the price rotated back lower and found support at the 100h MA which is a good sign for the longs. Stay long as long the price is trading above the 1.25 level.
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GBP/USD technical analysis GBP/USD trading in positive territory all day, it made three attempts to break above 1.34 but with no success. The forex pair seems to run out of power at that level. I […]
Amanda Russo, Public Engagement, World Economic Forum, +1 415 734 0589, arus@weforum.org
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