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Gbp/usd pair witnessed a sharp sell off yesterday during the london session and traded below 1.3150 level only to rally during the US session recovering all lost ground and ending in green above 1.3270 . The pair has entered a short tern overbought territory and a nice pullback is expected upto 1.3200 level is expected . The pullback could happen during the london session .
expertmarss's Blog
GBP/USD facing resistance
Hello traders,
While gbp/usd pair has shown a strong rally this week the 1.3200 to 1.3220 level is a strong resistance and the pair is unable to break through this level . A failure to break above 1.3220 could result in a sharp pullback upto 1.3140 level where there is support . Traders are advised to keep a watch of 1.3220 level for gbp/usd and trade accordingly.
Happy trading to all !
While gbp/usd pair has shown a strong rally this week the 1.3200 to 1.3220 level is a strong resistance and the pair is unable to break through this level . A failure to break above 1.3220 could result in a sharp pullback upto 1.3140 level where there is support . Traders are advised to keep a watch of 1.3220 level for gbp/usd and trade accordingly.
Happy trading to all !