GBP/USD FOREX TRADING TIPS FOR PROFITABLE INVESTMENTS

[forextips]

The GBP/USD pair remains better offered in the Asian trades, although makes minor-recovery attempts from session lows struck at 1.2422 amid weaker shorter-duration treasury yields, which capped the rebound in the greenback versus its main peers.

At 1.2433, the resistances are aligned at 1.2453/60 (10 & 5-DMA) and 1.2475 (20-DMA) and below that at 1.2500 (zero figure). On the flip side, the supports are lined up at 1.2382 (2-week low) and 1.2344 (Feb 7 low) and below that at 1.2300 (psychological levels).

Current exchange rate of GBP/USD pair is 1.2435.

Our Latest Recommendation:
It is recommended to sell as the pair is going down.

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