FX.co ★ GBP/USD

For the GBP/USD pair, buyers were quite active yesterday and as a result of the subsequent rise we were able, without any particular problems, to break through the calculated resistance level around 1.3367 and consolidate above it. Volumes throughout this move were quite high and gradually increased, which indicates further entries of large buyers into positions, and this in turn increases the chances of seeing a continuation of growth in the pair in the near future. To sum up, my priority is still buying, so for the GBP/USD pair today I will be looking for a continuation of yesterday’s growth, which started in the second half of the trading day, towards the targets at the nearest calculated resistance level of 1.3440.