GBPUSD Trending Slowly Up

FX:GBPUSD   British Pound/U.S. Dollar
I expect this market to either retrace to a lower sliding paralel and then make a nice rally up, or go up right from where it is now. Those new highs didn't make much progres to the upside, so it looks like it wanted to retrace deeper, before it makes any further advancements.
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2 years ago
It'd be nice to see this dropping a bit lower before the next leg up, hoping the upcoming news will trigger it.

Good luck!
+1 Reply
ForceFollower Ladalis
2 years ago
Yes, the today's news can do anything with the USD pairs... However, 1.666 should be safe - I wouldn't expect price to go below this level.
2 years ago
the pair finds Resistance at 1.69 . I will expect a Retracement to 1.6815. Target is 1.70
+1 Reply
ForceFollower Bakis
2 years ago
Very well, although I think another rally may be initiated at 1.683, if not even higher. :-)