GBP/USD reversed from support zone

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  • GBP/USD reversed from support zone
  • Next buy target - 1.3350                                                                

GBP/USD recently reversed up from the combined support zone lying between the long-term support level 1.3070 (which has been reversing the price from last October) and the lower weekly Bollinger Band. This support zone has been reversing the pair for the last 5 weeks. GBP/USD is expected to rise further toward the next buy target at the next resistance 1.3350 (which reversed the price at the start of July).

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