This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

gbpusd

The British pound sterling’s attempt to rebound was soft with prices now trading sideways intraday.

Overall, GBPUSD remains caught within the 1.2516 and 1.2368 levels. The bias is to the downside for a more firm test of the support area.

But there is a possibility for a higher low to form. This could set the stage for a breakout to the upside.

The Stochastics on the four-hour chart remains in the oversold level, which could suggest a short term move to the upside.

In any case, GBPUSD is poised to hold up if it retests the 1.2368 level of support again.

Test your strategy on how the GBP will fare! Open your Orbex Account and start trading now. 

The post GBPUSD holds in a range appeared first on Orbex Forex Trading Blog.


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.