GBPUSD finds bids around 1.3580 on opening despite the geopolitical headwinds
GBP/USD rose toward the key 1.3640 resistance early Friday but this level stayed intact on Thursday and caused the pair to retreat to 1.3600. Meanwhile, the Relative Strength Index indicator on the four-hour chart closes in on 70, suggesting that the pair is on the verge of turning technically overbought
On the downside, 1.3600 could be tested with a technical correction. If that support fails, additional losses toward 1.3560 and 1.3530 could be witnessed.GBP/USD has managed to edge higher early Friday after having closed the previous three days in the positive territory. The technical suggests that the pair is close to turning technically overbought and investors might want to book their profits ahead of the weekend amid the ongoing geopolitical uncertainty.
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