FX.co ★ GBP/USD rises as expected

GBP/USD to hit 1.3600 psychological level

The GBP/USD pair extended its growth after ending its temporary decline. You knew from my previous analyses that the pair could extend its growth if it jumps above 1.3536. After its failure to reach 1.3600 in the last attempt, the pair dropped a little. The GBP/USD pair failed to reach and retest the 1.3500 psychological level or to stabilize below 1.3536 signaling strong buyers.

Now, it has jumped above 1.3590 previous high and it may reach the 1.3600 upside obstacle. The uptrend remains intact. Any temporary retreat could help the buyers to catch a new leg higher.

GBP/USD trading recommendation

In my previous analysis, I've told you that the GBP/USD could approach and reach the 1.3600 psychological level after jumping above 1.3536. Jumping above this upside obstacle could confirm an upside continuation. It could bring new buying opportunities if the pair develops a sideways movement, a consolidation above this level.