GBPUSD pushes higher on "risk-on"
GBPUSD is expected to maintain its short-term uptrend as long as the price stays above 1.2842. The nearest resistance is at 1.29, with the next level at 1.2933. Traders who are not currently long may wait for a pullback to the 1.2842 to 1.2877 range to secure a more favorable risk-to-reward ratio.
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This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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