GBPUSD Pair remains intraday bearish around 1.2863 after a rebound on Tuesday from the pair’s current floor near the 1.2800 major level. What next should traders expect? Gain insight into this latest technical analysis.
5 September, OctaFX – The GBPUSD pair now looks to the release of key PMI Services data from the UK economy, with market expectations tilted to the upside. Sellers will look to break the 1.2810 support level, while buyers will attempt to reclaim the 1.2900 level.
GBPUSD Pair remains intraday bearish
- The GBPUSD pair remains intraday bearish while trading below the 1.2863 level, key support is now found at the 1.2810 and 1.2775 levels.
- If the GBPUSD pair moves above the 1.2900 level, buyers are likely to target the 1.2930 and 1.2955 resistance levels.
This article about GBPUSD Pair remains intraday bearish 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.The British pound has moved away from the 1.2800 support region against the US dollar, as the greenback edges away from the best levels of the week.