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GBP/USD looks to build on last week's breakout move

The dollar broke down across the board last week and remains in a rough spot, despite the calmer tones so far this week. And GBP/USD is one of the charts that exemplifies that sentiment:In a similar case to the EUR/USD here, the pair also broke above its own 200-week moving average (blue line) and cleared a key technical hurdle in the form of the 1.3000 mark. That is setting buyers up with a good platform to build on in order to extend the upside breakout from last week.And in terms of key resis... Read More

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Posted: Jul 17 2023, 09:02

Author Name: forexlive

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