The GBPUSD on the 1-hour chart is currently receiving support from a previous price increase around the 1.220 area, which is a positive signal for a decent recovery. In terms of this week's outlook, the GBP/USD pair may have received a boost from better-than-expected preliminary GDP data released by the UK on Friday, along with a weaker US dollar. The current resistance level is at 1.23, and surpassing this level could potentially push this currency pair towards conquering the high point at …
GBPUSD New week will increase the price again for FX:GBPUSD
The GBPUSD on the 1-hour chart is currently receiving support from a previous price increase around the 1.220 area, which is a positive signal for a decent recovery. In terms of this week's outlook, the GBP/USD pair may have received a boost from better-than-expected preliminary GDP data released by the UK on Friday, along with…
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