GBPUSD is facing bullish pressure, potential for further rise!
Price is facing bullish pressure and could rise further from our first support at 1.35188 in line with our horizontal pullback support, 23.6% Fibonacci retracement and 23.6% Fibonacci extension, towards our first resistance at 1.36199, which is in line with our horizontal swing high resistance and 61.8% Fibonacci extension. Price continues to hold above EMA (34), showing bullish pressure in line with our analysis.
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.