GBPUSD: Rise from Bottom of Range
GBPUSD has been ranging since late March 2020.
The price revisited the bottom of the range near 1.2300 and seems supported for now.
If the price is able to rebound and break above the falling trendline which was created in this downtrend, there's a good chance that the price will climb back upwards.
The current range also preceded after a strong bullish trend and may continue to rise after this range is over.
The price revisited the bottom of the range near 1.2300 and seems supported for now.
If the price is able to rebound and break above the falling trendline which was created in this downtrend, there's a good chance that the price will climb back upwards.
The current range also preceded after a strong bullish trend and may continue to rise after this range is over.
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