GBP/USD 1.2334 As Upside Obstacle!
The currency pair climbed as much as 12334 today, registering a new high. Technically, this level represents an upside obstacle. After its strong upwards movement, a temporary drop is natural as the price could test and retest the 1.2268 broken obstacle or the uptrend line.
The uptrend line represents a key downside obstacle. As long as GBP/USD stays above it, the rate could resume its growth despite minor retreats.
GBP/USD Trading Conclusion!
Staying above the uptrend line and jumping above the 1.2334 obstacle confirms further growth.
