UPDATE NEWS GBPUSD

GBP/USD Technical View Valeria Bednarik, Chief Analyst at FXStreet, explained: “In the 4 hours chart, the price surpassed bullish 20 SMA and the 38.2% retracement of its latest daily decline, while technical indicators turned back higher, still around their mid-lines, not enough to confirm further gains ahead. Beyond the mentioned high, the next resistance is the 61.8% retracement of the mentioned decline that comes at 1.3200 with gains beyond it offering then a more constructive bullish outlook. Support levels: 1.3090 1.3060 1.3025. Resistance levels: 1.3175 1.3200 1.3240.”