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GBPUSD Facing 1.6259 Resistance

GBPUSD Facing 1.6259 Resistance

The GBP/USD is facing 1.6259 resistance, a break above this level will indicate that the uptrend from 1.4813 (Jul 9 low) has resumed, then the following upward movement could bring price to 1.6500 zone. Support is at 1.6080, only break below this level will suggest that lengthier consolidation of the uptrend is underway, then sideways movement in a rang between 1.5894 and 1.6259 could be seen.

GBP/USD Hourly Chart” title=”GBP/USD Hourly Chart” width=”400″ height=”300″ src=”” />

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