FXStreet — The GBP/USD with the European trade, and the commandments of the course for 1.30 on a rise.
GBP/USD is trading slightly below the 5-day MA of 1,2999
The Couple continues to expand its reversal, after which it was to come in the To with the UK PM Theresa May comments a price decline.
The recent upward movement of the GBP/USD with the positive development of the London equity markets and the rally of Oil prices is compliant. WTI reached new 5-week high at marathon 51.88 $, while Brent traded at multi-week high of 54,62 $.
The focus is on the U.S. sales of existing real estate, which can have an impact on the Greenback. The reaction will however be limited, which will be released in the evening for the Fed session Protocol.
GBP/USD to test levels
Jim Langlands from FX Charts, explains: «Back above 1.3000 is a strong resistance at 1,3035/45 and the 8-month high of 1,3047. About the game space increases to 1,3075, the 1,3120 and 1,3270. The stance is now neutral and rallies above 1.3000 sell opportunities with a SL above 1,3050.»
** FXStreet News Editorial, FXStreet**