GBPUSD is testing the downtrend and bears' nerves. The price is trying to break the resistance of the downtrend and based on the overall situation compared to the dollar, the pound sterling has great chances. The fundamental background is gradually changing in favor of GBP
Scenario: The price has already broken the trend resistance. Consolidation and consolidation of the price above 1.2488 could form an intermediate bottom and allow the price to strengthen to 1.26 - 1.28.
Scenario: The price has already broken the trend resistance. Consolidation and consolidation of the price above 1.2488 could form an intermediate bottom and allow the price to strengthen to 1.26 - 1.28.
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❤️ Telegram channel: t.me/AndeWave
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.