Hello dear friends! Today is the last trading day of this week, so let's explore together what's new with GBP/USD!
GBP/USD closed around 1.2200 on Thursday, the highest level in a week, after the Bank of England kept interest rates unchanged and supported by a weaker US dollar. The DXY lost points amid risk appetite. The US employment report will be released on Friday.
On the 4-hour chart, the uptrend of GBP/USD is still intact and there are no signs of a trend break. If conditions remain favorable, the price could continue to rise towards the resistance level at 1.226 with strong support at 1.217.
GBP/USD closed around 1.2200 on Thursday, the highest level in a week, after the Bank of England kept interest rates unchanged and supported by a weaker US dollar. The DXY lost points amid risk appetite. The US employment report will be released on Friday.
On the 4-hour chart, the uptrend of GBP/USD is still intact and there are no signs of a trend break. If conditions remain favorable, the price could continue to rise towards the resistance level at 1.226 with strong support at 1.217.
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Related publications
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.