GBPUSD: Bounced back after a long downtrend...
The GBPUSD rallied today with stamina, bouncing upward after hitting its 3 months support level, last Friday.
Pursuing this trend will drive it back to 1.5502, with 1.54433 as a primary objective.
Failing to pursue its rally will throw the cable back to a bearish market with 1.51646 as an objective.
At today's opening, the GbpUsd was trading at 1.53925, above its daily Pivot Point, which is around 1.5358. The cable's daily support levels are around 1.5303 and 1.52146. Its daily resistance levels are around 1.5447 and 1.5504.
Pursuing this trend will drive it back to 1.5502, with 1.54433 as a primary objective.
Failing to pursue its rally will throw the cable back to a bearish market with 1.51646 as an objective.
At today's opening, the GbpUsd was trading at 1.53925, above its daily Pivot Point, which is around 1.5358. The cable's daily support levels are around 1.5303 and 1.52146. Its daily resistance levels are around 1.5447 and 1.5504.
