GBP/USD Under Strong Upside Pressure!
The GBP/USD pair continues to challenge the 1.2282 former high which represents an upside obstacle. You knew from my previous analysis that the price could resume its growth as long as it stays above the uptrend line.
Its failure to test and retest the uptrend line in the last attempts signaled strong buyers and a potential further growth.
GBP/USD Trading Conclusion!
Jumping and stabilizing above the 1.2282 upside obstacle may announce further growth. This is seen as a new buying opportunity.
