6 July GBPUSD Technical Analysis: Pair remains bullish


The GBPUSD pair continued with its steady climb from the 1.3200 neighborhood and refreshed session tops in the last hour. What next should traders expect? Gain insight into the following 6 July GBPUSD Technical Analysis.

6 July, OctaFX – The British pound is starting to give back gains against the US dollar, as price falls back towards the key 1.3205 support level.

The GBPUSD pair started to slip from the 1.3273 level, as the US dollar index firmed following the release of the FOMC Meeting Minutes. Bulls now need to reclaim the 1.3255 level for further advancement, while sellers will look to hold price below the key 1.3205 support level.

6 July GBPUSD Technical Analysis

  • The GBPUSD pair remains bullish while trading above the 1.3205 level, key resistance is now found at the 1.3273 and 1.3313 levels.
  • If the GBPUSD pair trades below the 1.3205 level, key technical support is found at the 1.3170 and 1.3142 levels.

Disclaimer

This article about 6 July GBPUSD Technical Analysis 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.

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