GBP/USD: Balancing between its yearly high, and its support level
|GBP/USD
Looking at GBPUSD’s chart, we can see that the FX pair is traded at around the rate of $1.2318 with an upward direction towards the year’s high which is located at around $1.24. Today, we could expect it to test the resistance level at around $1.2340 and if it is able to pass it, then we should expect it to rise towards the level of $1.24. If it is not able to pass it, then it should retreat towards its support level at around $1.2270.
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