GBP/USD recently broke out from a base resulting in extension of rebound. Daily MACD has entered positive territory highlighting prevalence of upward momentum. Ongoing up move could persist towards the 200-DMA at 1.2785/1.2810 which is likely to be a potential resistance zone.
Ascending trend line drawn since January at 1.2450 is near term support.
Ascending trend line drawn since January at 1.2450 is near term support.
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1. AccuTrade System:
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
tradingview.com/v/yDFPnb1J/
2. Signal Performance:
thedailyfx.com/performance/
3. We provide Free TradingView Premium and Essential Membership.
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.