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minjiarui16

GBP/USD Another Reversal Back to its Upper Consolidation Zone?

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
minjiarui16  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Forex forextrading gbpusdlong GBPUSD consolidationzone
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trendanalysis chartpattern indicator forex forextrading gbpusdlong gbpusd consolidationzone
snapshot

Since May 2019, we have seen strong selling of GBP against the USD towards its lower range of its consolidation. But over the past few days, we have seen the diminishing selling pressure and seen that buying pressure is building up. Thus, target price can be drawn to 1.33 where we might see profit taking might take place again.
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