Get started
OctaFX_Official

GBPUSD potential buy

British Pound / U.S. Dollar (FX:GBPUSD)  
OctaFX_Official  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD pound dollar octafx support Support and Resistance
1
0
trendanalysis chartpattern indicator gbpusd pound dollar octafx support supportandresistance
The British pound has moved higher against the US dollar, following the Federal Open Market Committee interest rate decision on Wednesday. The latest advance in the GBPUSD pair may present an excellent opportunity to buy a breakout around the 1.2925 level. It is worth remembering that with the upcoming UK General Election the British pound is set for more volatile trading action.

• If the GBPUSD pair trades below the 1.2925 level, key support is found at the 1.2900 and 1.2850 levels.
• If the GBPUSD pair trades above the 1.2925 level, key resistance is found at the 1.3000 and 1.3080 levels.

Related Ideas

OctaFX_Official
GBPUSD breakout needed
OctaFX_Official
GBPUSD 1.2850 level in focus
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.