Check our full analysis here:
Fundamental Analysis
https://forexezy.com/gbpusd-forecast-as-pound-shrugs-off-uk-political-pressure
Technical Analysis
The GBPUSD pair is edging up, driven by strong market momentum. The RSI is currently at 73 and well above the 14-day SMA. Notably, the price is currently above the 200-MA, underlining the bullish sentiment.
Based on the current momentum, the price is likely to rise to the first resistance at 1.3784. A rise beyond that point could see the bulls set the next target at 1.3840. However, if the price falls to 1.3687, it could negate the bullish assertion. A break below the second support at 1.3631 could signal a reversal.
Fundamental Analysis
https://forexezy.com/gbpusd-forecast-as-pound-shrugs-off-uk-political-pressure
Technical Analysis
The GBPUSD pair is edging up, driven by strong market momentum. The RSI is currently at 73 and well above the 14-day SMA. Notably, the price is currently above the 200-MA, underlining the bullish sentiment.
Based on the current momentum, the price is likely to rise to the first resistance at 1.3784. A rise beyond that point could see the bulls set the next target at 1.3840. However, if the price falls to 1.3687, it could negate the bullish assertion. A break below the second support at 1.3631 could signal a reversal.
