GBPUSD Poised To Test 1.300 Soon
Technical Analysis:
The price reached its peak on 28-December-2024 and for about 69 days GBPUSD
was moving inside a large corrective pattern which was completed as a Bullish "Flag Pattern"
GBPUSD broke out from a daily pattern and this shows that on the daily chart, GBPUSD is about to resume the bullish trend after a long period of correction.
Today we have the NFP data which is one of the most important events for the US economy and today it is even more important as it will give any indication about future actions from FOMC related to the Interst Rates.
GBPUSD may face any correction before the price moves further during the coming days.
You may find further details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Technical Analysis:
The price reached its peak on 28-December-2024 and for about 69 days GBPUSD
was moving inside a large corrective pattern which was completed as a Bullish "Flag Pattern"
GBPUSD broke out from a daily pattern and this shows that on the daily chart, GBPUSD is about to resume the bullish trend after a long period of correction.
Today we have the NFP data which is one of the most important events for the US economy and today it is even more important as it will give any indication about future actions from FOMC related to the Interst Rates.
GBPUSD may face any correction before the price moves further during the coming days.
You may find further details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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