GBPUSD: Ascending Support: Supports to Raise.



The latest retreat from 13385, followed by a reversal of 13330, does not speak loudly about the GBPUSD’s weakness because this couple still trade well above the upward supportive line of two months.

If the pair were able to clear the two resistances mentioned, 1,3530, with 1,3450 as intermediate stop in the rally, might well appear on the bull’s ratar. Otherwise 1.3180 and 1.3100 can offer the pair immediate support before it reaches 1,3040. The extended downturn in pairs after 1.3040, however, may not hesitate to visit 1.2950


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20 Mar 2019 5:19 pm Posted by admin