Technical analysis:
GBP/UISD has been trading downside yesterday but I see potential for the upside continuation of the bigger trend.
Trading recommendation:
Due to the strong upside momentum in the background, I see potential for further rally.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of 1.2100
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of 1.1940
