GBP/USD Uptrend Intact!
As you can see on the H1 chart, the currency pair is trading at 1.2456 at the time of writing. It climbed as much as 1.2518 yesterday where it found supply. The instrument has dropped a little in the short term but it could resume its growth as long as it stays above the uptrend line.
Technically, the uptrend line represents a downside obstacle. Now, it is almost to reach the 1.2438 former high which stands as a downside obstacle as well. Breaking above 1.2438 signaled an upside continuation.
GBP/USD Trading Conclusion!
Staying above the uptrend line and jumping beyond 1.2518 activated a larger growth and is seen as a new buying opportunity.
