GBP/USD technical analysis: up trend will continue today

6 Nov 2018 04:04 PM

The price was able to rise with stability above 1.3025, and stability above this level will cause further gains in the pair today to try to reach levels around 1.3120.
However, upside potential will be significantly weakened if the pair fails to hold above the 1.3000 psychological barriers, and a downside correction will occur before resuming attempts to ascend again.
Therefore, the pair may well buy above 1.3060, with a two-time gain at 1.3115 and 1.3170 and stop loss below 1.2980.


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