Analyzing the Bullish Momentum of GBP/USD & Next Resistance Level

Monday, 8 July 2024, 11:24
The GBP/USD maintained its upward trend, closing above 1.2800 last week, indicating a strong bullish momentum. Traders should watch for potential resistance at the 1.2860 level as a key turning point for the currency pair. In-depth analysis reveals the factors driving GBP/USD's movement and potential scenarios for traders to consider. Conclusion: With the currency pair on an upward trend, hitting resistance at 1.2860 will be critical for assessing future price movements.
FXStreet
Analyzing the Bullish Momentum of GBP/USD & Next Resistance Level

GBP/USD Forecast: Price News & Resistance at 1.2860

The GBP/USD maintained its bullish momentum, closing above 1.2800 last week.

Key point to watch: Potential resistance at 1.2860 level as a turning point.

Traders should be aware of factors driving GBP/USD's movement.

Future scenarios for traders to consider regarding price movements.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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