GBPUSD has been in downtrend since mid July which seems to be a minor bearish trend, as the overall long term move is more bullish. Price did not test/break below 1.2603 level, which it might want to test in order for it spring higher. However at the current price, breaching the trendline that's been in place to the passed four 4 weeks, a clear break and close above 1.2751 would leave the door open for a push higher making any resistance a price target for the bulls. FED meeting minutes that are interpreted as dovish by the market could aid bearish dollar sentiment.
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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.