GBPUSD

10:15, 12 May

GBPUSD

Today there is no major macro agenda on U.K. side. On the other hand CPI figures will be released on U.S. side. But we do not expect any major movements due to this data.  

1.2280/1.23 area is the key support level for GBPUSD pair. The pair had recovered from this area. We will follow 1.2360 as a resistance level.  

Resistance levels: 1.2360 – 1.2400 – 1.2440 
Support levels: 1.2300 – 1.2280 – 1.2260