Technical analysis:
GBP/USD has been trading upside this morning and I found that key pivot level at the price of 1.2275 is on the test.
In case of the breakout of the resistance 1.2275 and hold above, I see potential for the further rally towards 1.2360
In case of the rejection of the key resistance, I see potential for the downside movement towards 1.2210/1.2170
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
GBP/USD has been trading upside this morning and I found that key pivot level at the price of 1.2275 is on the test.
In case of the breakout of the resistance 1.2275 and hold above, I see potential for the further rally towards 1.2360
In case of the rejection of the key resistance, I see potential for the downside movement towards 1.2210/1.2170
The material has been provided by InstaForex Company – www.instaforex.com
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