GBP/USD: Need To Beat 1.3045/47 High
Jason Sen | May 23, 2017 06:05AM ET
GBP/USD bulls managed a weekly above the psychological 1.3000 level on Friday but obviously need to beat the 1.3045/47 high last week to build on the gains targeting 1.3055/60 and 1.3085/90 before 11 month trend line resistance at 1.3110/20 and the main challenge for bulls this week.
Minor support at 1.2990/80 before the best support for today at 1.2940/30. Try longs with stops below 1.2890. A break lower however risks a slide to good support at 1.2830/20. Try longs with stops below 1.2790.
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