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GBPUSD: Rise from Bottom of Range

British Pound / U.S. Dollar (FX:GBPUSD)  
AlgoVenture  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD pound GBP tradingforecast dlifestyletrader dailyforecast tradingideas tradeidea
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trendanalysis chartpattern waveanalysis gbpusd pound gbp tradingforecast dlifestyletrader dailyforecast tradingideas tradeidea
GBPUSD has been ranging since late March 2020.
The price revisited the bottom of the range near 1.2300 and seems supported for now.
If the price is able to rebound and break above the falling trendline which was created in this downtrend, there's a good chance that the price will climb back upwards.
The current range also preceded after a strong bullish trend and may continue to rise after this range is over.

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