GBPUSD could continue to strengthen on trend as the market is increasingly expecting a weaker dollar. The price of the currency pair is forming above the support line after a false breakdown, which could potentially form a continuation of the upward trend
Prerequisites for further growth:
1) Retest of trend support forms consolidation
2) False breakdown of support
3) Price tests local levels from above, which prepares the market for further growth
Prerequisites for further growth:
1) Retest of trend support forms consolidation
2) False breakdown of support
3) Price tests local levels from above, which prepares the market for further growth
Note
Bounce off support
Waiting for a break of 1.277 and 1.279
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❤️ Telegram channel: t.me/AndeWave
Related publications
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.