GBP/USD Buyers Hesitate as Key Resistance Holds Above 1.3500
The GBP/USD pair fluctuates above 1.3500 during the European trading session on Wednesday. Following slight losses on Tuesday, buyers express hesitation as the pair encounters a significant resistance level.
If GBP/USD can clear the resistance around the 1.3590-1.3600 area, investor sentiment could shift, attracting technical buyers. Traders will keep close watch on price action as it could dictate the next directional move for this currency pair.
Identifying these key levels provides traders with crucial insights, helping them make informed decisions in this evolving market.