GBP/USD: ???????? ????????? ????????? ??? 1.2900
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Pound trades in session highs near 1.2400 figure

  • GBP/USD bullish recovery remains intact as the spot challenges the 1.2400 figure.
  • The level to beat for bulls the 1.2400 resistance. 

 

GBP/USD daily chart

 

GBP/USD is consolidating the recent recovery as the quote is stabilizing above the 1.2300 handle.

 

GBP/USD four-hour chart

 

As expected GBP/USD is challenging the 1.2400 resistance and the 100 SMA on the four-hour chart. As the bullish recovery stays intact a break beyond this level can yield further price appreciation towards the 1.2500 and 1.2600 price levels. Support is seen near 1.2300 and 1.2200 figures.  

 

 

 

Resistance: 1.2400, 1.2500, 1.2600

Support: 1.2300, 1.2200, 1.2000

 

  

Additional key levels

 

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