As you can see, the GBPUSD makes triple top ( resistance 1.3513 ) from 13th Dec 2019 to now. Also, I see important support in 1.3195 point. At this moment, price accumulates between the resistance and the support.
In my opinion, it seems that the price will consolidate above 1.3500 and it is highly possible that the currency pair break 1.3513 and move toward higher levels ( 1.3816 and 1.4338 )
Alternative scenario: the price would go down 1.2800 area.
In my opinion, it seems that the price will consolidate above 1.3500 and it is highly possible that the currency pair break 1.3513 and move toward higher levels ( 1.3816 and 1.4338 )
Alternative scenario: the price would go down 1.2800 area.
Trade active:
trending based on the trend line
Trade closed: target reached
