We have seen price getting rejected from 1.2750 levels many times previously , where as currently 1.2650 is also acting as strong support , In Daily char price has closed above previous candle and in 4hr new Higher Low is formed @ 1.2650 support. Since we are still @ strong resistance we are currently waiting for price to close above 1.2750 and retest for support , once confirmed we will be looking to long gbpusd near 1.2750-1.2770 with first target as 1.28 -1.2850 and finaly 1.2950 zone .
We provide only technical view of pair , please consider fundamental aspects too before trading.
Follow us in order to get timely update of technical analysis and our view of market . Please comment to share your view