GBP/USD: Upside Continuation Needs Confirmation!
The GBP/USD pair registered a strong upside movement in the short term and now is trading at 1.2173 at the time of writing. Technically, the uptrend line stands as a downside obstacle while the 1.2212 former high represents an upside obstacle.
As long as the instrument stays above the uptrend line, the currency pair could resume its upwards movement.
GBP/USD Trading Conclusion!
Jumping and stabilizing above 1.2212 activates further growth and is seen as a new buying opportunity.
