GBPUSD had been delaying its uptrend for weeks now which may be due to continuous negative news, especially from the COVID variant which affects the economic status of countries on a global scale. However, even though we currently do not have relative volume which can move the market up, we have a few assurances that it could and one of them is the overall market structure which is a bullish flag and the current falling wedge that we have.
Hopefully, we should see relative volume soon that should support its bullish run.
Hopefully, we should see relative volume soon that should support its bullish run.
