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GBP/USD At New Highs

MultiBank Exchange Group
By MultiBank Exchange Group

The GBP/USD increased and climbed above the 1.3289 yesterday’s high and is expected to reach the up sloping red line very soon. Technically is still expected to climb much higher as long is trading within the ascending channel between the 150% and the 250% Fibonacci lines. Only a valid breakdown below the 250% Fibonacci line will announce a broader drop.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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