GBPUSD Has Closed Above 1.43 Resist Line
Updated
This chart mostly speaks for itself. GBPUSD has been looking to break that resistance line at 1.43 and has closed above that on the 4H. Look for the retest and then get set to enter this pair because it hasn't hit this mark since February of this year (and had candles close below where it is now).
Other market indicators are also suggesting this pair goes long, so at a glance, this pair should continue on the uptrend.
Outlook is very long, very positive and it wouldn't be a bad idea to make a long position very soon.
REMEMBER: This has not been a very common analysis for this pair, most people say this trend will change to bearish on this pair.
Other market indicators are also suggesting this pair goes long, so at a glance, this pair should continue on the uptrend.
Outlook is very long, very positive and it wouldn't be a bad idea to make a long position very soon.
REMEMBER: This has not been a very common analysis for this pair, most people say this trend will change to bearish on this pair.
Note
Interesting turn for the GBP today. Trend was looking great going upwards but recent reports for the GBP were below expectation. Right now price is around the 1.43 / 1.429 level. Trend has not been broken as of yet. Could be soon
Trade closed manually
Broke uptrend :(
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