Hi,
Based on the 15M Chart, there is a strong resistance which has been broken.
The break might be viewed to provide bullish sentiment for the GBP. As I have shared before, the drop of US Treasury Yield could be the cause of USD falling. Furthermore, we just received a good job and earnings report of UK which might boost the bullish sentiment for GBP.
Happy Trading!
Based on the 15M Chart, there is a strong resistance which has been broken.
The break might be viewed to provide bullish sentiment for the GBP. As I have shared before, the drop of US Treasury Yield could be the cause of USD falling. Furthermore, we just received a good job and earnings report of UK which might boost the bullish sentiment for GBP.
Happy Trading!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.