FX.co ★ GBP/USD

GBPUSD, trend for the week When looking at this pair from the perspective of H1 and lower timeframes, there are conflicting signals indicating a struggle between a downtrend and an uptrend. Therefore, we might see some significant volatility on Monday and Tuesday. However, considering GBPUSD from higher timeframes, I am inclined to think that the uptrend will continue this week. On the weekly timeframe chart, the pair bounced off strong white and violet moving averages, while the fast stochastic oscillator in blue is pointing upwards. The daily timeframe stochastics confirm the bullish direction, and the wide channel formed by two aqua and red moving averages on the H4 chart suggests a strong and persistent movement that won't be easily reversed.