GBPUSD targets 1.6495/1.6617 , support 1.6290 !

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The GBPUSD maintained a strong bullish momentum yesterday , printed support at 1.6321 ahead of 1.6290 levels , this development leaves the pair targeting the 1.6440 levels where a breach is very likely , If seen , next resistance comes at 1.6495 levels , we might see hesitation or rejection , but stability above 1.6495 would open 1.6617 next .

On the downside,  a rejection from 1.6440 could mean a return to the 1.6321/1.6290 levels , losing 1.6290 will confirm short term topping and is likely to open 1.6132 levels.

Overall, the GBPUSD will remain biased to the upside with risk towards 1.6495 ahead of 1.6617 levels as long as 1.6290 holds on a daily basis, below 1.6290 would reverse risks to the downside towards 1.6132 levels.

 

 

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