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joebakwa7

COULD GBPUSD STILL BE GOING UP? Analysis (my thoughts)

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
joebakwa7  
OANDA:GBPUSD   British Pound / U.S. Dollar
Technical Indicators Trend Analysis GBPUSD forextrading forxsignals forexanalysis forexgroup forextradingzones Forex forecast forexsignals
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indicator trendanalysis gbpusd forextrading forxsignals forexanalysis forexgroup forextradingzones forex forecast forexsignals
The market has broken a powerful resistance area at 1.34820, not once, but twice. The first attempt, the bears brought the market down to the trend line and the 2nd attempt, the bulls took the market up and a clean break of the resistance area was seen with a rush up to 1.37000. After this, the market has retested the previous broken level at 1.35690. The initial push up (yellow line without the arrow) may still occur and the market may be headed further up to 1.38015 (the green line) which is the next resistance that this pair may face on the daily chart. Please comment your thoughts on this pair as well.
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