- British pound shows its strength
- GBPPLN is trading close to YTD highs
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The 5,0 zł handle remains a key support
GBPPLN was traded in the local consolidation last week. However, today the pound is showing some power against the polish zloty. After a break above 5,0 zł handle, the upward move has accelerated. At the moment, the pair is trading close to YTD highs at 5,07 zł. A break above this resistance could trigger a bigger upward move. This level should be considered as a key resistance. The rebound from red marked zone may lead to a downward correction move. Then the previously broken resistance at 5,00 should act as the nearest support. Breaking below may change the sentiment into the bearish mode.
GBPPLN interval D1. Source: xStation5
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