The GBPUSD is buying and selling to a brand new session excessive, breaking above the 50% midpoint of the July buying and selling vary at 1.35764. Earlier within the day, the worth approached that degree however encountered keen sellers, resulting in a pullback to 1.3552, just under the swing space assist at 1.3561.
Nevertheless, patrons shortly returned, lifting the pair again above the midpoint and pushing to recent highs. With this newest transfer, shut assist is now eyed at 1.3561—a degree patrons will look to defend if the upside momentum is to proceed.
The subsequent upside goal lies at 1.35918, and a continued push greater might open the door towards the 61.8% retracement degree at 1.36265.
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This text was written by Greg Michalowski at investinglive.com.
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