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Analyzing the new trend of GBPUSD on November 15

British Pound / U.S. Dollar (FX:GBPUSD)  
Henry_TM Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Forex GBPUSD signal testing breakout SELL buy
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trendanalysis chartpattern indicator forex gbpusd signal testing breakout sell buy
GBPUSD has set a new high yesterday, reaching the level of 1.250 and surpassing the peak at 1.239. Currently, the price is undergoing a corrective move towards the new trend at 1.24 or possibly lower to test the 1.23 EMA after a recent breakout. Despite the correction, the upward momentum of GBPUSD remains intact, with a target of 1.26x.
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