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    Forex News from New Forex: Technical analysis of GBP/USD

    In the trading on Tuesday the market shows a significant increase, the price stays within the support at 1.4332 and resistance at 1.4654 (a high since May 31). It should be said that bulls have successfully breached levels of resistance at 1.4460 and 1.4530 and now try to fix above 1.4580.

    In case of success, i.e. forming a firm bullish candlestick, we might see the market growth to 1.4700. Otherwise, bears might push the market to 1.4330.

    Technical analysis of GBP/USD

    NewForex Analyst

    Luigi Campo

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