FX.co ★ GBP/USD heading towards fresh new highs

GBP/USD extends its growth as expected

GBP/USD was traded at 1.3627 level at the time of writing signaling strong buyers after its failure to stay below the 1.3600 psychological level. As you already know from my analysis, the currency pair was expected to resume its growth.

I've also mentioned that jumping above the 1.3600 psychological level could confirm an upside continuation. In the short term, GBP/USD dropped a little after passing above the 1.3600 level, but the retreat was only a temporary one.

GBP/USD trading conclusion

The current aggressive breakout above 1.3600 validates potential further growth and is seen as a buying opportunity. It could approach and reach fresh new highs as long as it stays above 1.36.