GBP/USD remains under risk pressure

The pair GBP/USD, despite the bullish divergence and overall oversold, continues to trade in a downtrend, which is caused by the preservation of general market risks and uncertainty about Bexit. As a result, this pair keeps the monthly downtrend.

So, the main resistance levels for the GBP/USD pair continue to be the marks: 1.2750 and 1.2780, from which one should expect a repulse with the resumption of the downtrend. Also, a test of these resistance levels will partially relieve the oversold pound. Support levels and possible targets are the following: 1.2640-00 and 1.2530-00, which meet the significant support of February-March 2017.

Read also: “Cross-rates trading”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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1. Medium-term prospects for the US dollar for August-September
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3. Stock indices: the Japanese market

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