GBPUSD seems to be resuming its previous four weeks move which initially went on consolidation around 1.2976 down to 1.2767. I personally was waiting for the price to go lower around 1.2743 to 1.2633 before looking for a buy order but as we can see, 1.2767 seems to have held the price and It’s looking bullish after breaking 1.2866 .
If the price will keep the upward move, we will pay attention to the level
1.2976
1.3061 to
1.3380 (this level is for a strong sustained price surge)
But we will always expect a little draw back after testing each point.
This analysis is on weekly basis
If the price will keep the upward move, we will pay attention to the level
1.2976
1.3061 to
1.3380 (this level is for a strong sustained price surge)
But we will always expect a little draw back after testing each point.
This analysis is on weekly basis