GBP/USD holds higher ground 1.2600
Updated
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The GBPUSD continues to trade with a slight price increase. Currently, the currency pair is still maintaining well within the upward price channel and stable around the 1.26 area.
The price is being well supported by a weaker US dollar and strong PMI data from the United Kingdom, which was released on Thursday last week. Thin trading conditions may amplify GBP/USD price action.
Current resistance levels: 1.204, 1.272
Support levels: 1.249, 1.240
The GBPUSD continues to trade with a slight price increase. Currently, the currency pair is still maintaining well within the upward price channel and stable around the 1.26 area.
The price is being well supported by a weaker US dollar and strong PMI data from the United Kingdom, which was released on Thursday last week. Thin trading conditions may amplify GBP/USD price action.
Current resistance levels: 1.204, 1.272
Support levels: 1.249, 1.240
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