By Orbex
The pound sterling lost some ground, down over 0.80% intraday.
However, prices are recovering after the level near 1.2485 didn’t manage to stall the declines.
The Stochastics oscillator is hinting at a potential hidden divergence. This puts the upside bias in view.
A continuation higher will see GBPUSD potentially reaching for the 1.2858 level where resistance will most likely form on the initial test of the price level
By Orbex
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
