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 is posting strong gains and prices are trading near a four-day high.

The gains primarily come on the back of a weaker US dollar. The gains helped GBPUSD to close above the 1.3000 handle.

However, further gains need to be made to convince investors of the upside bias.

For the moment, the key resistance level at 1.3122 will prove to be challenging.

Alternately, there is also a risk of the GBPUSD failing to hold on to the gains.

This could mean that the cable would give back the gains and settle back trading within the 1.3000 and 1.2750 levels in the near term.

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

The post GBPUSD Rises to a Four-Day High appeared first on Orbex Forex Trading Blog.


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