ad
Forex Brokers Award 2020
Vote your favourite broker
Trade 100 Bonus - the best offer on Forex market

GBPUSD Edges Higher Towards 1.3000

Jul 29 2020, 07:28 PM (+06) | Orbex.com

The British pound sterling continues with this bullish streak. Price action is now close to the 1.3000 handle which could potentially open the way to 1.3122 next.

To the downside, support is found at 1.2813 which could stall the currency pair from further declines. But ahead of the Fed meeting, the pound sterling could see some volatility.

Only a strong close below 1.2813 could signal a move even lower. The next lower support is at 1.2643 level.

For the moment, we expect the cable to potentially settle above the 1.3000 handle in the near term.

Orbex.com

At Orbex, the client is at the heart of everything we do and everything we do is designed to guarantee your satisfaction. Here’s how Forex Trading with Orbex will enhance your trading experience: Best-in-class customer service, including live chat and free webcall One-hour response time for sales and support requests Multiple asset trading and ECN accounts on MT4 0.9 pip fixed spread at ZERO commission Up to 1:500 leverage