Breaking News: Sterling Surges to Weekly High – 1.3000 Up Next
Arslan Butt • 1 min read
What a massive move in GBP/USD! And what’s more surprising is that there’s no direct fundamental behind it. GBP/USD has soared over 30 pips in no time, and now it’s likely to test a psychological support area of 1.3000.
The closing of candle below this level can trigger a sharp sell-off now. The pair can gain support around 1.2950 and 1.29250. While the violation of 1.300 can lead the Cable towards 1.3050.
Let’s keep an eye!