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spotThetrends

gbpusd is picking up its bullish momentum to the upside

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
spotThetrends  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Fundamental Analysis GBPUSD gbpusdlong
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trendanalysis fundamental gbpusd gbpusdlong
After plunging to a new low at 1.036, the cable has staged a remarkable recovery. The downward momentum appears to have alleviated. I expect the pair to continue its upward move to the next major resistance at 1.14375.
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