Home GBPUSD: Bullish, Remains on the offensive
Forex News Today: Daily Trading News

GBPUSD: Bullish, Remains on the offensive

GBPUSD: A second day of rally in the new week leaves GBP targeting further upside. Resistance resides at the 1.6300 level where a violation will pave the way for a run at the 1.6350 level.

Further out, resistance resides at the 1.6400 level. A cut through here will turn attention to the 1.6450 level and then the 1.6500 level.

Its daily RSI is bullish and pointing higher supporting this view.gbpusd

On the downside, support lies at the 1.6163 level where a breach will target the 1.6100 followed by the 1.6000 level and then the 1.5950 level where a violation will aim at the 1.5900 level. On the whole, GBP remains on offensive mood.

Guest post by FX Tech Strategy

FX Tech Strategy

FX Tech Strategy

FX Tech Strategy provides simple forex research for Intra-day, swing and position traders. For over 6 years, FXTechstrategy has been committed to providing forex traders including intra-day, swing and position traders exceptional forex research with technical analysis expertise that makes trading decisions easy and painless. FXTchstrategy won Best Technical Analysis (forex best awards) by fxstreet in 2011 and was finalists, Star Awards by traderplanet in 2011 & 2012.