FX.co ★ dusty24 | GBP/USD

Analysis and Forecast for the GBPUSD Currency Pair Based on Technical Analysis Yesterday on Tuesday, the British Pound against the US Dollar managed to break through the key resistance level of 1.35 on the second attempt. This morning, it was already evident that the price would continue its upward movement, so the only expectation was for a significant pullback to enter long positions at a more favorable price. Although I wouldn't be surprised if some traders entered during the upward trend, as the continuation of the rise was quite apparent, I personally did not. Now, the question remains as to how far the GBPUSD pair can continue to rise, as looking at the US Dollar Index, there are not many strong obstacles, and the price could easily return to the levels from which it started. For the Pound, this could mean reaching almost 1.38, although 1.37 would also be great for the bullish camp, but it's not that close from the current levels.