The cable has been in an uptrend since October, starting from the 1.27 area and is currently approaching the 1.40 resistance which was last crossed at the beginning of 2018.
On this chart the EMA acts as a dynamic support.
All I can say is that it'll be interesting to look at the pound over the next few days.
Trade closed manually
⋅
The price only went 20 pips in profit and has broken through the 1.40 level.
I don't understand how can this still go up?? There's literally no reason to happen.
renatoa49509
⋅
Up by 0.05 in 5h after a dark Friday where didn't touch resistance level.. I wonder what drives this? Why so many buy?
abumaqsoodshabbir
⋅
what's does this mean
mojh94
⋅
@abumaqsoodshabbir, gbpusd has been rallying since 1.27 and is approaching a strong resitance which is 1.40. It'll be interesting to see what happens but my bias is that it'll reject it.