July 13, 2020 : GBP/USD bulls are testing the mid-range level at 1.2650, would it hold ?

The previous bullish breakout above 1.2265 has enhanced bullish movement up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12). Shortly after, transient bearish breakout below 1.2265 (Consolidation Range Lower Limit) was demonstrated in the period between […]