GBPUSD stretches towards highs and the highs for the 12 months

The GBPUSD buying and selling and 1.3194. That is inside six pips of the excessive for the day at 1.3200. The excessive worth for the 12 months can also be being approached. That stage got here in at 1.32067 reached on April three.

Transfer above that stage and a swing space between 1.3221 to 1.3245 could be focused.

Conversely, staying beneath and a rotation again towards 1.3044 – 1.3058 can’t be dominated out over time. As evident from the sharp transfer to the draw back and again up over the past week or two, the volatility can rear its ugly head at a moments discover. The excessive worth on April three reached 1.32067. The low worth from final April eight reached 1.27447 earlier than stretching again as much as 1.3200 on April 14. That represents a line of pips over a seven day buying and selling time interval.

This text was written by Emma Wang at www.ubaidahsan.com.



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