GBP/USD skyrocketed during Thursday’s session after the UK High Court ruled to leave the Brexit’s decision to the mercy of the UK Parliament, discarding the idea that Theresa May’s government may trigger the Article 50 without their authorization. Besides, BoE’s meeting helped to keep the bullish tone alive and the pair is facing the resistance zone of 1.2465. If we see a breakout above it, then we can expect an advance towards the 1.2605 level.
H1 chart’s resistance levels: 1.2465 / 1.2605
H1 chart’s support levels: 1.2413 / 1.2310
Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.2465, take profit is at 1.2605 and stop loss is at 1.2325.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
GBP/USD skyrocketed during Thursday’s session after the UK High Court ruled to leave the Brexit’s decision to the mercy of the UK Parliament, discarding the idea that Theresa May’s government may trigger the Article 50 without their authorization. Besides, BoE’s meeting helped to keep the bullish tone alive and the
pair is facing the resistance zone of 1.2465. If we see a breakout
above it, then we can expect an advance towards the 1.2605 level.
H1 chart’s resistance
levels: 1.2465 / 1.2605
H1 chart’s support levels:
1.2413 / 1.2310
Trading recommendations for today: Based on the H1 chart,
buy (long) orders only if the GBP/USD pair breaks a bullish
candlestick; the resistance level is at 1.2465, take profit is at
1.2605 and stop loss is at 1.2325.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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