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 trading quite mixed on Thursday.

In the medium term, price action remains caught within the 1.3000 resistance level and the 1.2750 level of support.

Unless we see a breakout from one of these levels, the consolidation could continue.

The Stochastics oscillator is currently hinting at a move to the downside. But we expect the declines to hold up near the 1.2750 level of support.

The mixed market reaction comes following the GBPUSD posting a three-day winning streak.

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

The post GBPUSD Trades Mixed on Brexit Developments appeared first on Orbex Forex Trading Blog.


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