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ForexTrendline
Aug 5, 2020 4:33 AM

Is the GBPUSD correction complete? Long

BRITISH POUND / U.S. DOLLARICE

Description

After the last few days we have seen a price return below 1.30, we now see a new strength in GBPUSD.
The upward trend is definitely remain for all periods and we can soon see higher values.
Currently the price is below the resistance 1. 3114. Passing over it makes it possible to reach: 1.3230 and 1.3307.
This scenario breaks when it falls below 1.2975 again.

Important:
Tomorrow is BoE's interest rate decision!
We expect NFP on Friday!
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