GBPUSD - Bullish Pound is Back In The Picture
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Hi,
There was a breakout on the channel few days ago. However, the bearish movement was quite short-lived due to the disappointed job result on the USD side.
Now, The price is back in the channel zone and it has bounced on the line twice which is a proof the uptrend is on the move. There is also a resistance in the process, if breached, will signal a further bullish movement for the pair.
Happy Trading!
There was a breakout on the channel few days ago. However, the bearish movement was quite short-lived due to the disappointed job result on the USD side.
Now, The price is back in the channel zone and it has bounced on the line twice which is a proof the uptrend is on the move. There is also a resistance in the process, if breached, will signal a further bullish movement for the pair.
Happy Trading!
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