Main Quotes Calendar Forum
flag

FX.co ★ GBP/USD fresh uptrend

parent
Forex Analysis:::2021-10-08T16:14:24

GBP/USD fresh uptrend

GBP/USD fresh uptrend

GBP/USD Imminent Upside Breakout!

The GBP/USD pair jumped above the downtrend line signaling that the downside movement is over and that the pair could develop a new uptrend. As you can see on the H4 chart, GBP/USD stands right below1.3644 former high.

Staying above the uptrend line and jumping also above the 1.3644 high could activate an upside continuation. Technically, if the price jumps and stabilizes above a previous high, the price could resume its growth. Higher highs and higher lows mean that we have an uptrend.

GBP/USD Trading Conclusion!

Jumping and stabilizing above 1.3644 high may signal that the GBP/USD pair could resume its upwards movement towards 1.3700 and 1.3750 levels.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...