Recommendation Waiting for the market to correct and selling at high The resistance is at price 1.22000 USD and the lower support level is at price 1.18000 USD.
GBP/USD is paring back gains below 1.2150 in the European session. The Cable pair holds gains for the second consecutive day amid the notable US Dollar weakness, as risk sentiment improves on ebbing global banking sector fears. US data awaited. Market is likely to go down for now.
Due to the timeliness and market volatility, the above analyses may no longer be valid, and hence for reference only.
Disclaimer: This material is considered a marketing communication and does not contain, and should not be deemed to contain, investment advice, or an offer or solicitation of any transaction in a financial instrument. Past performance is not indicative of future results.