GBP/USD Rallies Above 1.2500, Gold Resumes Increase

<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/05/f-gbp44.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p>
<p>Key Highlights GBP/USD rallied above the 1.2420 and 1.2500 levels. It broke a key declining channel with resistance near 1.2425 on the 4-hour chart. Gold prices started a fresh increase above the $1,990 resistance. USD/JPY extended losses and traded below the 148.50 support. GBP/USD Technical Analysis The British Pound started a strong increase above the [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/528427-gbp-usd-rallies-above-1-2500-gold-resumes-increase/">GBP/USD Rallies Above 1.2500, Gold Resumes Increase</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>