ہم صرف ایک بروکر نہیں ہیں۔ ہم ایک جامع ٹریڈنگ ایکوسسٹم ہیں—ہر چیز جو آپ کو تجزیے، ٹریڈ اور ترقی کے لیے درکار ہو، ایک ہی جگہ پر ہے۔ کیا آپ اپنی ٹریڈنگ کو بلند کرنے کے لیے تیار ہیں؟
FXStreet (Mumbai) - The GBP saw a fresh bid wave in the early European session, which helped the GBP/USD recover from the low of 1.4933 to 1.4972 levels.
Hovers near resistance zone
The area around 1.4980-1.5 levels has acted as a trough barrier to breach on the daily closing basis since last month. On a few occasions, the pair clocked an intraday high above 1.5 levels, however, ailed to sustain above the same. Similar move was seen on Friday, when the pair clocked a high of 1.5051 before ending the session lower to 1.4958.
The pair lacks a fresh fundamental trigger today, hence the market’s appetite for the US dollar could decide the trend in the cable.
GBP/USD Technical Levels
The immediate resistance is seen at 1.5, above which gains could be extended to the Friday’s high of 1.5051. On the flip side, a break below 1.4936 could drive the pair lower to 1.4865.