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AbeikuGlobal_FX

GBPUSD, to Long in the short-medium term

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
AbeikuGlobal_FX  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdlong gbpusdanalysis gbpusdsignal gbpusd_forecast gbpusdtrade gbpusdforex gbpusdlongsetup gbpusdprediction
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trendanalysis chartpattern indicator gbpusd gbpusdlong gbpusdanalysis gbpusdsignal gbpusd_forecast gbpusdtrade gbpusdforex gbpusdlongsetup gbpusdprediction
The GBPUSD outlook has formed a descending triangle which signals a bearish trend in general however after a recent consolidation beneath the base of the triangle and the bulls have managed to break through the descending trendline for a potential retest of the EMA-200 resistance on the 4-HR time frame.

The GBPUSD is set to rise to retest the hypotenuse trendline of the descending triangle.

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