GBPUSD: directly facing the resistance level of 1.2800
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Dear friends,
Overall, GBPUSD had a successful week as the price continued to rise without any significant breakthroughs. The currency pair remained supported as the USD struggled to recover.
In terms of long-term trends, this currency pair is currently facing resistance at 1.2800.
However, the upward trend is still supported by positive signals from the 34 and 89 EMA lines.
On the other hand, the RSI indicates that buyers are no longer eager to break through this resistance level. Therefore, our upcoming target is to sell when the price breaks the trendline.
Overall, GBPUSD had a successful week as the price continued to rise without any significant breakthroughs. The currency pair remained supported as the USD struggled to recover.
In terms of long-term trends, this currency pair is currently facing resistance at 1.2800.
However, the upward trend is still supported by positive signals from the 34 and 89 EMA lines.
On the other hand, the RSI indicates that buyers are no longer eager to break through this resistance level. Therefore, our upcoming target is to sell when the price breaks the trendline.
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