The GBP / USD pair is trading within the bullish channel on the 4 hour chart, just above the moving average of 200 periods. However, wit is crucial that the moving average is crossing 50 periods from the bottom up the moving average 200 periods being a bullish signal.
only a break of the bullish channel and a close below this, exchange perspective for the next few sessions.
We recommend buying above the trend line and sell at the break of the channel.
The MACD indicator and Momentum indicator are showing bullish signals.
