pair bounced with good positive close during the course of the day on last trading session, Now trading above 1.3300 psychological support mark. At this point in time, the market is looking bullish
. The short trend of GBPUSD
was sideways on charts and price has given breakout resistance level
in its 4 hourly chart. In its hourly chart the price is sustaining above 50 day DMA that are appears on the above image indicating short term trend of the pair.
1.3470 Support level
If it manages to sustain above its support level
then we can expect it to show further upside movement in the pair.
is sustaining above 50 mark in positive territory indicating the upcoming positive trend in the pair.
is looking bullish
on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.