GBPUSD for the past few days has reacted to the weekly support level 1.36692. Price has reached a resistance zone 1.37478; a close above this level may attract further bulls to 1.37849, a close below this resistance level (1.37478) may attract further bears to 1.36778 or may experience consolidation.
A break above 1.37916 resistance level may lead to an overall change in weekly trend to the Upside, while a break and close below 1.35676 suggests the bears would continue to take charge in coming weeks.
Disclaimer: What I have shared above is not a financial or investment advice of any sort, it’s just for educational purposes only, whatever trading decision you make is at your own risk.
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