British Pound (GBP)

 

 

The Pound rose against the Dollar after the PPI data was released on Friday, which came out much better than expected (3.4% vs. 1.6% forecast), and pushed a stronger Pound. The main resistance line of the GBP/USD on the daily chart is 1.5910, and if the pair breaks above this level, the pound could rise to 1.6000 or even more. Overall, GBP/USD traded with a low of 1.5809 and with a high of 1.5889. No economic data is expected today.

 

 

GBP/USD - Last: 1.5860

 

Resistance

1.5950

Support

1.5800

1.5720

1.5600

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