Two days ago, GbpUsd broke violently above 1.3 zone resistance. After a rapid rise to 1.3177, the pair is falling now and is coming to confirm the 1.3 zones as new support.
The long term trend for GBP is bullish and a reversal up from the 1.3 zones would confirm that cable resumed its long term direction.
On the other hand, a dive back under 1.3 would put GbpUsd in no men’s land.
Nafees Saifi //Â entrepreneur, author, trainer, and stocks and FX trader.Â
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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