Home / Market Update / Forex Market / GBP/USD Shows Strong Performance Above 1.200

GBP/USD Shows Strong Performance Above 1.200

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

Check Also

Crypto Market Reeling following Dampened Rate Cut Expectations, Bitcoin Falls Below $100,000

The cryptocurrency market has experienced a significant downturn, with Bitcoin plunging below $100,000, trading at …