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Back Technical analysis
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Back Technical analysis
GBP/USD: May 8th – US Labor Market Reports May Pressure the Dollar
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair on Thursday rebounded from the resistance level of 1.3596–1.3620 and declined toward the support level of 1.3513–1.3539. However, price action over the past few days has remained largely sideways. Today, a rebound from the support zone could allow traders to expect a resumption of growth and renewed attempts by the pound to close above the 1.3596–1.3620 level. However, much will depend today on the news background. The wave structure remains bullish. The
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Samir Klishi,
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