FXEM - EMPIRE MARKETS - Company New Article

The GBP/USD continues to move in a positive direction against the USD, as it is currently trading at 1.26131. ​​The price is holding above strong support levels, which enhances the chances of continuing the bullish momentum during the upcoming sessions. With the stability of market sentiment and investors awaiting any influential economic developments, the pair may witness attempts to test new resistance levels, unless selling pressures appear that push it to correct.

The EUR/USD is trading at 1.04313, trying to maintain its stability after the recent movements. The overall trend remains neutral with the price fluctuating in a narrow range, as investors await any fresh signals that may affect the pair’s movement. If the price manages to break the nearby resistance levels, we may witness an extension of the bullish wave, while a break of the support may lead to a retest of lower levels.