1.25 will be vital for Gbp to stay bullish

Long

British Pound / U.S. Dollar (FOREXCOM:GBPUSD)

FOREXCOM:GBPUSD British Pound / U.S. Dollar

Obviously GU finally bounce off from declining channel support line up to 1000pips. Despite several devastating news announced by UK, Gbp regains investors and manage to bull all the way up. We will see GU reaches 1.25 first and decides will it stay above or fall from there. Observe the price action.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.