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Peet_Serfontein
Sep 13, 2022 7:58 AM

GBPUSD: heading higher? Long

British Pound/U.S. DollarFXCM

Description

A price action above 1.1600 supports a bullish trend direction. Crossing below this level will negate the positive stance.
Further bullish trend support above 1.1700.
Consolidation range from 1.1660 to 1.1775.
Crossing above 1.1775 resistance might target 1.1945.
Crossing below 1.1660 support might be the first sign of pending weakness.
The price action might approach the upper range of the Bollinger Bands.
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