GBP\/USD<\/strong><\/a> is showing positive signs above the 1.2220 level.
\nA connecting bullish trend line is forming with support at 1.2240 on the 4-hours chart.
\nEUR\/USD is well supported above the 1.0720 support zone.
\nUSD\/JPY might attempt a recovery wave if it clears the 132.00 resistance.<\/p>\nGBP\/USD<\/strong><\/p>\nThe British Pound gained pace above the 1.2050 resistance against the US dollar. GBP\/USD broke the 1.2150 level to settle in a positive zone.<\/p>\n
Looking at the 4-hours chart, the pair even settled above the 1.2200 level, the 100 simple moving average (red, 4-hours) and the 200 simple moving average (green, 4-hours). It traded towards 1.2350 before there was a downside correction.<\/p>\n
The pair tested the 1.2200 support zone and remained in a positive zone. It is now rising, with an immediate resistance near the 1.2320 level.<\/p>\n
The first major resistance is near the 1.2350 level. The next major resistance is near the 1.2400. A clear move above the 1.2400 resistance might send the pair towards the 1.2500 zone. Any more gains might send the pair towards 1.2580 or even 1.2700.<\/p>\n
On the downside, an immediate support is near the 1.2220. The next major support is near the 1.2200 level, below which there is a risk of a move towards the 100 simple moving average (red, 4-hours). Any more losses might open the doors for a drop towards the 1.1920 level.<\/p>\n
Looking at EUR\/USD, the pair stayed above the 1.0720 support zone and might attempt a fresh increase if GBP\/USD extends gains.<\/p>\n","protected":false},"excerpt":{"rendered":"
GBP\/USD Eyes Sustained Increase Above GBP\/USD is showing positive signs above the 1.2220 level. A connecting bullish trend line is forming with support at 1.2240 on the 4-hours chart. EUR\/USD is well supported above the 1.0720 support zone. USD\/JPY might attempt a recovery wave if it clears the 132.00 resistance. GBP\/USD The British Pound gained<\/p>\n... continue reading<\/a>.","protected":false},"author":3,"featured_media":17235,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[198],"tags":[20,382,265,267,195,296,19,35,320,162,263,277,201],"yoast_head":"\r\nGBP\/USD Eyes Sustained Increase Above | Xtreamforex<\/title>\r\n<meta name=\"description\" content=\"The British Pound gained pace above the 1.2050 resistance against the US dollar. 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