Cable has steadied after posting strong gains during the previous session. What levels should buyers watch? The following 26 July GBPUSD Technical Forecast reveals.
26 July, OctaFX – The British pound has continued to make progress higher against the greenback on Thursday, following a broad-based selloff in the U.S. Dollar Index.
Sterling retains a strong intraday bullish bias while trading above the 1.3177 technical level. Buyers will look for further upside towards the 1.3245 and 1.3300 levels, while sellers will look to push the price back below the 1.3177 level.
26 July GBPUSD Technical Forecast
- The GBPUSD pair is strongly bullish while trading above the 1.3155 level, key resistance is found at the 1.3205 and 1.3235 levels.
- If the GBPUSD pair falls below the 1.3100 level, key support is found at the 1.3080 and 1.3050 levels.
This article about 26 July GBPUSD Technical Forecast was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.