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US Dollar is expected to decline against other majors after FOMC statement and weak US GDP numbers. Yesterday we have seen big bullish bar on GBPUSD and current price action suggest some buying interest developing on this pair.
From technical perspective 1.3290 level is an important support level and if buyers are interested to take price higher than this support level should hold. On the upside first line of resistance is around 1.3485 and if price breaks this resistance then there is plenty of room for price to go much higher.
From technical perspective 1.3290 level is an important support level and if buyers are interested to take price higher than this support level should hold. On the upside first line of resistance is around 1.3485 and if price breaks this resistance then there is plenty of room for price to go much higher.
