**Monthly chart**
Like EURUSD, the GBPUSD monthly candle (which is still active) is forming an engulfing candle after last month's Doji candle. Which indicates the short-term bias is bullish. However, long-term bias is still long.
**Weekly Chart**
The pair continued to move higher after it bounced from the low level around 1.2000. Last week candle indicates the price to continue higher at least to 1.30000 level (round number) near the weekly manipulation candle of June - July 2023.
Like EURUSD, the GBPUSD monthly candle (which is still active) is forming an engulfing candle after last month's Doji candle. Which indicates the short-term bias is bullish. However, long-term bias is still long.
**Weekly Chart**
The pair continued to move higher after it bounced from the low level around 1.2000. Last week candle indicates the price to continue higher at least to 1.30000 level (round number) near the weekly manipulation candle of June - July 2023.
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Join our PropSignals Channels on Telegram
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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.