Broad-based US Dollar weakness has pushed nearly all the major currencies higher against the USD for the last couple of weeks. As per my analysis, US Dollar weakness may continue to persist in the near future.
This gives currency traders the opportunity to go long on pairs like GBPUSD.
For now, 1.2370 has proved to be a strong hurdle for the GBPUSD Bulls.
However, if the bulls manage to take out this key level and consolidate above it, then 1.2650 is clearly on the cards.
This gives currency traders the opportunity to go long on pairs like GBPUSD.
For now, 1.2370 has proved to be a strong hurdle for the GBPUSD Bulls.
However, if the bulls manage to take out this key level and consolidate above it, then 1.2650 is clearly on the cards.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.