GBP/USD jumps to the highest level in over 2-1/2 years. The weekly chart shows bulls are in control. GBP/USD is trading at 1.3690 at press time. That’s the highest level since April 2018. The previous 31-month high of 1.3686 was reached last week. The inverse head-and-shoulders breakout seen on the weekly chart indicates the path of least resistance is to the higher side, and significant resistance is currently located at 1.4056. That level is presently housing the trendline falling from 2007 highs. The broader bias would remain bullish while the pair is held above the previous week’s low of 1.3429. As for today, the former daily chart hurdle-turned-support of 1.3625 is the level to beat for the sellers. Weekly chart Trend: Bullish Technical levels 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 Dollar index begins 2021 on a negative note FX Street 1 year GBP/USD jumps to the highest level in over 2-1/2 years. The weekly chart shows bulls are in control. GBP/USD is trading at 1.3690 at press time. That's the highest level since April 2018. The previous 31-month high of 1.3686 was reached last week. The inverse head-and-shoulders breakout seen on the weekly chart indicates the path of least resistance is to the higher side, and significant resistance is currently located at 1.4056. That level is presently housing the trendline falling from 2007 highs. The broader bias would remain bullish while the pair is held above the previous week's low of 1.3429. … 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.
