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Weekly Technical & Fundamental View

Currency Pair – GBPUSD(15 Jul to 19 Jul -2019)

GBPUSD Rising Form Demand – 15 -19 July

The pair GBPUSD tried to break the daily support but it failed and rejected.

Here The Video Analysis on The Cable.

GBPUSD is facing a weekly demand zone at1.2600-1.2400. Price is rejected several times from the zone. Also the price can’t break the daily support at 1.2450.

According to the Daily and 4hours chart, the nearer resistance at 1.2660. The price is expected to test the level and if it can successfully break the level the next target will be 1.2780 which is the top of the recent price range. But if it breaks the recent low at 1.2450, the bullish scenario will be invalid.

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