The GBP/USD pair bounced-off a brief dip below 1.2150 levels in early Asia, and now looks to retest NY highs of 1.2172 amid a minor-correction seen in the US dollar versus its main competitors, as the treasury yields take a breather heading into the Fed event due later tonight.
The spot is making another attempt to extend the recovery from two-month lows on Wednesday, as dust settles over renewed Brexit-process related news. Moreover, the pound also found support from the latest results of the poll conducted by The Times, which revealed that 57% of the Scots rejected indolence from the UK.
GBP/USD Levels to consider
At 1.2159, the resistances are lined up at 1.2195/1.2200 (10-DMA/ round figure) and 1.2250/53 (psychological levels/ Mar 7 high) and above that at 1.2304 (Mar 6 high). On the flip side, the resistances are aligned at 1.2140 (NY low) and 1.2100 (psychological levels) and below that at 1.2050 (Flash crash territory).
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It is recommended to BUY.
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