Resistances to the upside are seen near 1.3256, intraday swing high from Tuesday and 1.3300 figure. On a long-term basis we are still bearish for this pair, however we would remain on the sidelines until we see break below 1.30 handle.
GBP/USD Daily Forecast - 2 July
- Friday, Jun 29 2018
GBP/USD is up about 130 pips this Friday and is now testing the 1.3200 figure. Although the main trend in the pair is bearish the current correction is rather strong, and some bullishness might persist in the coming days especially if GBP/USD trades above 1.3200, however we would pay attention to UK Manufacturing PMI figures on Monday.