The GBPUSD is engaging its uptrend as it has breached its 3 months support level, which became a resistance for a couple of days.
The patterns proves that the cable succeeded in shifting to an uptrend after a long bearish streak, which sent it as low as 1.51066. The current objective is 1.52880, with 1.52417 as a primary objective.
On the downside, 1.51646 and 1.51430 will represent strong supports for the parity.
The daily Pivot Point is around 1.51788. The daily support levels are around 1.51203 and 1.50680. The daily resistance levels are around 1.52311 and 1.52896.
The patterns proves that the cable succeeded in shifting to an uptrend after a long bearish streak, which sent it as low as 1.51066. The current objective is 1.52880, with 1.52417 as a primary objective.
On the downside, 1.51646 and 1.51430 will represent strong supports for the parity.
The daily Pivot Point is around 1.51788. The daily support levels are around 1.51203 and 1.50680. The daily resistance levels are around 1.52311 and 1.52896.
