GBP/USD Faces Risk of Correction After Short-Term Peak
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GBP/USD is currently trading around 1.32206 after reaching a short-term peak at 1.32653.
The main support level is at 1.31958, and if this level is not maintained, the price may correct to lower levels around 1.32232.
The EMA 34 (1.31474) and EMA 89 (1.31174) still indicate a short-term uptrend, but selling pressure is also starting to form.
Economic news from the UK and the US will be the key factors influencing the next move of this currency pair.
The main support level is at 1.31958, and if this level is not maintained, the price may correct to lower levels around 1.32232.
The EMA 34 (1.31474) and EMA 89 (1.31174) still indicate a short-term uptrend, but selling pressure is also starting to form.
Economic news from the UK and the US will be the key factors influencing the next move of this currency pair.
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