GBPUSD (Check Last Update), has defined its swing low near 1.17616 where bullish candles forms indicating limited downside.
Recently, the price has given a breakout from the falling trendline which was acting as a resistance for too long. Also, the price is trading above 100ema.
Currently, we are expecting a bullish movement in the GBPUSD and it has the potential to reach the 50% fib level of the recent swing low.
Trade your levels accordingly.
Recently, the price has given a breakout from the falling trendline which was acting as a resistance for too long. Also, the price is trading above 100ema.
Currently, we are expecting a bullish movement in the GBPUSD and it has the potential to reach the 50% fib level of the recent swing low.
Trade your levels accordingly.
