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The Pound looks bullish to me, id consider long next week.
GBP/USD is moving within narrow range, but the downside yet remains vulnerable. First target for the bears is provided by the 23.6% Fibo at 1.3810.
The British pound recorded increase against the US dollar on Monday. The currency pair opened at 1.3796 and ended at 1.3848. Reaching the highest daily values at 1.3876, the price continues its upward movement from Friday and would test the first resistance level at 1.3917. With a successful break of 1.3917, the pound would head to 1.3990.
GBP/USD
Interesting levels to watch for:
Support: 1.3762; 1.3709; 1.3615
Resistance: 1.3917; 1.3990;