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GBP/USD Shows Strong Performance Above 1.200

M. Ali 28 September, 2020 8:07 pm Forex Market, Market Update

The British Pound (GBP) is surging in front of the US Dollar (USD) on Monday, opening the week with a strong performance amid a relevant decline by the USD.

The GBP/USD is trading higher for the day by 0.88% at 1.2858 after opening today at 1.2745, a little below its closing level by the end of last week at 1.2746.

The pair has been moving in a range between 1.2745 and 1.2930, moving mostly in the positive territory.

Support Levels: 1.2686 – 1.2628 – 1.2569

Resistance Levels: 1.2803 – 1.2862 – 1.2920

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