GBPUSD: Halts Upside, Faces Pullback Threats!

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With GBPUSD failing to continue higher through the 1.3616 levels, a short-term resistance has been printed at the 1.3616 levels, while its immediate risk remains higher, the GBPUSD will have to break and hold above the 1.3616 levels to prevent a return to the downside.

Immediate support stands at the 1.3465 levels where a cut will aim the 1.3370 levels, further down, will bring a free fall to 1.3200/1.3145 levels/

On the upside, resistance stands at the 13616 levels, a sustained breakout will restore the upside momentum and pave the way to the 1.3660 levels ahead of 1.3700 levels.

Conclusion: The GBPUSD remains exposed to the downside below 1.3616 levels.

 


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