ForceFollower
Long

GBP/USD In A Strong Up Trend

FX:GBPUSD   British Pound/U.S. Dollar
99 0 1
The GBP, clearly overbought, has suffered of late, but it's still the strongest ccy, and, after a little rest, it should resume, whereas the USD - exactly the opposite. :-)

So, it is possible that this up trend is bound for 1.7000, esp             . given the volatility expansion, prior volatility overshoot, the no-overlap condition of the current rally, new daily, weekly and monthly highs.

Otherwise, the up trend may resume later on, upon the rebound off the black bull trend line . In case it failed too, there's strong support at 1.6250.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out