ALB Limited 21.07.2020

Chart of the Day GBP-USD Continues to go upwards

GBP/USD settled above the key resistance level at 1.2650 and continues its upside move. The nearest resistance for GBP/USD is located at 1.2755. In case GBP/USD manages to get above this level, it will gain additional upside momentum and head towards the test of the next resistance level at 1.30 handle.

In case GBP/USD moves below 1.2650, it will likely gain significant downside momentum and head towards the next support level at 1.2450. Such a move would signal that GBP/USD experienced another false breakout of the key resistance level.

Tags: Chart of the Day, GBPUSD, Forex News

Direction Seeking Continues Before FED

Read

Siemens Breaks Upward Trend

Read

Sharp Rise in the Dollar Index

Read

Chart of the Day EUR/USD

Read

Global Markets Focused on US CPI Data Today

Read

Netflix 2022 Financials Announced

Read

RISK PROBABILITY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.95% of retail investor accounts lose money when trading CFDs with ALB Limited. These products may not be suitable for all investors. Please make sure that you fully understand the risks involved and seek independent advice if necessary. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The value of your investment may go down as well as up.

NEGATIVE BALANCE PROTECTION: Please see your rights here as a retail client.