GBP/USD Maintains Position above 1.2850, Eyes Resistance for Pullback

Thursday, 11 July 2024, 03:54
The GBP/USD pair is showing strength by staying above the key level of 1.2850 for two sessions. As it nears a resistance point, traders are watching closely for a potential pullback. Market activity during the Asian hours on Thursday indicates bullish movement in the pair, hinting at further upside potential. The focus is on how the pair will react at the resistance level and whether it will continue its bullish momentum.
FXStreet
GBP/USD Maintains Position above 1.2850, Eyes Resistance for Pullback

GBP/USD Holds Strong Position

The currency pair has shown resilience by trading above the critical level of 1.2850 for two consecutive sessions.

Market Activity in Asian Hours

During the Asian trading session on Thursday, GBP/USD was seen around the 1.2860 mark, reflecting bullish sentiment.

Nearing Resistance Level

Traders are closely monitoring the pair as it approaches a resistance level, anticipating a potential pullback scenario.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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