If GBPUSD holds above the 1.2700 area, more growth is expected

If GBPUSD holds above the 1.2700 area, more growth is expected

From our previous analysis, the price went up well and the bullish wave was almost 260 pips.

So far GBPUSD is pausing before the uptrend resumes again.

After the price broke out from a strong area above 1.2700 it looks like the bulls are still holding strong.

Chances are higher that if the bulls don't give up this is the moment we could see GBPUSD move higher over the next few days.


You may find more details in the chart!
Thank you and Good Luck!

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Trade closed: target reached:

GBPUSD +40 pips so far and near to the target. GBPUSDF is developing well.

Trade closed: target reached:

Comment:

GBPUSD reached the first target and it may raise more during the CPI data this week.