The GBP/USD pair
The GBP is likly to continue the bullish trend against the dollar. Given the downward pressure is not completed yet, we believe that the next support level 1.5735 will be crucial for the continuation of the trend. In case this level is broken, cthe pair will decline to the point 1.5569.
Therefore, we recommend Buy-deals above the bullish channel around 1.5735 with Stop loss below the 1.5685 weekly support level. The short-term goal is seen at 1.5950 level.
MCD Indicator is in mixed zone and showing bullish signals.
