As the clock ticks down to the end of the week, what are the key levels in play and why now and head into the new trading week for GBPUSD?
This week, price GBP/USD
GBP/USD
The GBP/USD is the currency pair that includes the currency of the United Kingdom, the pound sterling (symbol £, symbol GBP), and the US dollar (symbol $, symbol USD). The price of the pair indicates how many US dollars are needed to buy one British pound. For example, when GBP/USD is trading at 1.5000, this means that 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair in the forex market, which gives it ample liquidity.
The GBP/USD is the currency pair that includes the currency of the United Kingdom, the pound sterling (symbol £, symbol GBP), and the US dollar (symbol $, symbol USD). The price of the pair indicates how many US dollars are needed to buy one British pound. For example, when GBP/USD is trading at 1.5000, this means that 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair in the forex market, which gives it ample liquidity.
Read this term It moved above 61.8% of the move down from the 2021 high to the 2022 low. This level comes in at 1.2760 and is now close support and near risk. Stay up and buyers more in control.
The more conservative risk area is between 1.2600 and 1.2680. This level is also the retracement of the upward trend move in trading this week.
On the upside, more bullish momentum will have traders eyeing 1.3000 as the next most important target.
For the time being, and for this week, Jupiter is very much in control and also made some major breaches that traders will now be looking for as major support.
