GBP/USD slows down an ascending dynamics

The multi-week uptrend has slowed after the GBP/USD pair once again rebounds from the psychological resistance level of 1.2500. This can be regarded as a hint of a U-turn.

Sales of this pair should be expected on fixing below the zone of 1.2430-00, which will open the way to support levels: 1.2340 and 1.2300.

Resistance are marks: 1.2450 and 1.2470.

Read also: “The Impact of the trade war on the US stock market”

Hanzenko Anton

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