GBP/USD Challenges 1.3536 Upside Obstacle!
The GBP/USD pair stands near 1.3536, the previous high which represents an upside obstacle. The pair is trading at 1.3529 at the time of writing. In the short term, the currency pair dropped a little but it has failed to stabilize under the 1.3500 psychological level or to reach the 1.3458 former low, signaling strong buyers and strong upside pressure.
As long as it stays above the 1.3500 psychological level, GBP/USD could extend its upwards movement.
GBP/USD Trading Conclusion!
Jumping and staying above the 1.3536 may announce an upside continuation. The upside outlook remains valid as long as it stays above the 1.3500 psychological level. 1.3600 is seen as the next upside target and obstacle.
