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– GBPUSD broke resistance zone
– Likely to rise to resistance level 1.2720
GBPUSD currency pair recently broke the resistance zone between the key resistance level 1.2530 (which has been reversing the price from the start of January) and the 61.8% Fibonacci correction of the downward impulse from December.
The breakout of this resistance zone accelerated the active medium-term impulse wave (C) from the end of January.
Given the strongly bearish US dollar sentiment seen today, GBPUSD currency pair can be expected to rise to the next resistance level 1.2720.
Source: https://fxpro.news
