GBP/USD is near a significant resistance - Ester Holdings
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GBP/USD is near a significant resistance

The GBP/USD pair moved to correction after a weekly decline, limited by the downward channel and the resistance level of 1.2880-1.2900. From this level, rebound and resumption of decline is possible.

The resumption of the decline can be expected at breaking through the support of 1.2860-40, which will open the way to support levels: 1.2780 and 1.2750.

The resistance continues to be levels: 1.2880-1.2900, consolidation of the pair above which will cast doubt keeping the downtrend.


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Hanzenko Anton


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