The GBP/USD pair remains flat above the mid-1.2100s during the Asian session on Thursday. In the absence of the top-tier economic data from the UK doc
GBP/USD trades in positive territory for the second consecutive day around 1.2160 amid the USD softness. The pair holds below the 50- and 100-hour EMAs; RSI is located above 50 in the bullish territory. The key resistance level will emerge at the 1.2200-1.2210 zone; the initial support level is located at 1.2110. The GBP/USD pair posts modest gains above the mid-1.2100s during the Asian session on Thursday.
Furthermore, the Relative Strength Index holds above 50 in the bullish territory, indicating that buyers are likely to retain control soon. The critical resistance level for GBP/USD will emerge near the upper boundary of the Bollinger Band and a psychological round figure at the 1.2200-1.2210 region. The additional upside filter to watch is near the 100-hour EMA at 1.2257. The next barrier for the pair is seen at 1.2270 . Further north, a high of September at 1.2324 will be the next stop.
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