GBPUSD is in the downtrend and had a significant drop.
Currently, price has been pushed to the upside with making a long lower shadow and is rising towards the last minor high.
If price breaks the last minor high at 1.3434 and closes a bullish confirmation candle above this level, we can expect more growth for GBPUSD around the next high at 1.35
Otherwise, if price gets rejected by 1.3434 and could not break it, we can expect the continuation of the downtrend.
What is your outlook for GBPUSD?
Feel free to share your ideas in the comments.
Currently, price has been pushed to the upside with making a long lower shadow and is rising towards the last minor high.
If price breaks the last minor high at 1.3434 and closes a bullish confirmation candle above this level, we can expect more growth for GBPUSD around the next high at 1.35
Otherwise, if price gets rejected by 1.3434 and could not break it, we can expect the continuation of the downtrend.
What is your outlook for GBPUSD?
Feel free to share your ideas in the comments.
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