Technical Observation:
Gbp slowly heading below the weekly support line 1.3306. Unless there's a clear close below this level by the end of this week, I'm still optimistic that Gbp could still rise rise towards 1.4661. on its way upwards, the key resistance lines to look for include. 1.3685, 1.4355 and ultimately 1.4661. If the price close below 1.3306, then Usd could plummet lower with the first support being 1.2733 and the next support being 1.2127. My advice, wait for a clear buy signal, especially if the price can close above 1.3306.
Technical Levels
Resistance levels
R1: 1.3531
R2: 1.3666
R3: 1.3894
Pivot
1.3437
Support Levels
S1: 1.298
S2: 1.3209
S3: 1.3303
Trade Signal
Further retracements
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