GBPUSD looks to recover higher after backing off lower prices on Thursday. Support stands at 1.3050 area with a break below that level turning focus to the 1.3000 level. Further down, support lies at the 1.2850 level where a violation will turn focus to the 1.2950 level. Below here will open the door towards the 1.2900 level. On the upside, resistance is located at the 1.3150 with a break above there allowing for morel strength to build up towards the 1.3200 level. Further out, resistance stands at the 1.3250 level followed by the 1.3300 level. On the whole, GBPUSD faces further recovery threats.
GBPUSD Bounces Off Lower Prices, Eyes More Strength
by Mohammed Isah | January 31st, 2020
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