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GBPUSD makes new highs as Europe moves toward the end of day

As the end of day approaches in Europe, the GBPUSD is trading to new session highs. The pair has moved to a new high at 1.26206 after breaking above 1.2600 with momentum. The price has since moved back toward the 1.2600 level. The current price trades at 1.2608.Technically, there is some resistance between 1.2612 and 1.2623 (see red numbered circles on the chart above). Move above, and the pair has resistance between 1.2667 and 1.2679. The May session high was at the 1.2679 level.Should resista... Read More

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Posted: Jun 13 2023, 15:54

Author Name: forexlive

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