GBP/USD:BUY from Support Level in Bullish Trend for A LONG Setup

Long

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

trendanalysis indicator fundamental gbpusd gbp usd pound containsimage

GBP/USD following the correlation with EUR and also the Gold it's inside a Bullish channel where the price is making Higher-highs and Higher-lows. Today the price uses the 50 Moving average as dynamic support to have a new pullback in the direction of the main trend. We are looking for a new Bullish impulse. The release of the economic news about the USD Core PPI m/m and PPI m/m may have a positive affect on the pair if the data will be negative.

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