A race! GBPUSD or EURUSD to go higher faster?
Similar to the EURUSD, the GBPUSD continued to surge strongly to the upside as the price broke beyond several key resistance levels to test the 1.23 price area.
While the GBPUSD could retrace briefly down toward the 1.2150 and 1.22 price area, look for the development of the price action to signal a continuation of the uptrend.
If the GBPUSD breaks strongly above the 1.23 resistance level, the price could continue trading higher toward the next key resistance level of 1.2645.
While the GBPUSD could retrace briefly down toward the 1.2150 and 1.22 price area, look for the development of the price action to signal a continuation of the uptrend.
If the GBPUSD breaks strongly above the 1.23 resistance level, the price could continue trading higher toward the next key resistance level of 1.2645.
