The GBP/USD pair trades in new two and a half year highs and is set to skyrocket to the 2018 high of 1.4377 if the cable closes above the 1.3515/55 area, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, briefs. Key quotes “On Wednesday, GBP/USD raised above key resistance which sits between the December 2019 and early December 2020 highs at 1.3515/55. A rise above this area on a daily chart closing basis would lead to the 2018 peak at 1.4377 being targeted.” “Immediate upside pressure should be maintained while the cross remains above its current December low at 1.3135.” “Only a drop below the 1.3135 low would negate upside pressure and target 1.2855 November low as well as the 200-day moving average at 1.2764.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD struggles near multi-year lows, around 1.2700 mark FX Street 2 years The GBP/USD pair trades in new two and a half year highs and is set to skyrocket to the 2018 high of 1.4377 if the cable closes above the 1.3515/55 area, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, briefs. Key quotes “On Wednesday, GBP/USD raised above key resistance which sits between the December 2019 and early December 2020 highs at 1.3515/55. A rise above this area on a daily chart closing basis would lead to the 2018 peak at 1.4377 being targeted.” “Immediate upside pressure should be maintained while the cross remains above its current December low at 1.3135.” … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
