GBP/USD was quite indecisive during yesterday’s session, but succeeded to keep the bullish intraday
signals and hit 1.3057 earlier this morning. Having in mind that the Cable experienced huge
downward pressure recently, this performance surprised the market participants.
The marco agenda for today suggests the Mortgage Approvals and Net Consumer Credit
reports for August in UK, which are of medium importance, but yet the pair is
sensitive enough and another leg down is very possible.
Immediate
support is seen at 1.3000, and pushing below it could lead price to neutral trading zone
for testing 1.2950/00, but yet the key support remains
at 1.2790. Looking to the
upside, resistance is located at 1.3050, 1.3500 and 1.500.
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