akyong
Long

GBPUSD: Bullish Sentiment

FX:GBPUSD   British Pound/U.S. Dollar
114 0 2
Price broke above the previous structural level. As long as price remains above 1.5200, we should see more upside potential. There is a divergence formed just before the week end. With the divergence, we are expecting price to come back towards the 1.5265 region before moving higher.

A break below the 1.5200 level might see price drops further towards 1.5080.

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Chief Currency Strategist
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