Alright traders, here’s the final scoop on GBP/USD:
Current Trend: The GBP is flexing its muscles above both the 21-day EMA (yellow line) and the 200-day SMA (blue line), signaling a strong uptrend.
Price Action: Those green Heikin Ashi candles are telling us buyers have the upper hand, pushing the pair up towards our resistance.
Key Levels: The immediate battleground is at 1.2766. We’ve been here before and we’re knocking again. If we can push through, it could confirm the bulls are in charge.
Current Trend: The GBP is flexing its muscles above both the 21-day EMA (yellow line) and the 200-day SMA (blue line), signaling a strong uptrend.
Price Action: Those green Heikin Ashi candles are telling us buyers have the upper hand, pushing the pair up towards our resistance.
Key Levels: The immediate battleground is at 1.2766. We’ve been here before and we’re knocking again. If we can push through, it could confirm the bulls are in charge.
Sheena Lynne