Mihai_Iacob

GbpUsd- New leg up?

Long
FX:GBPUSD   Sterlina / Dollaro
Recently, GbpUsd found a bottom in the 1.2 zone, and after almost 2 months of consolidation, it managed to break above the falling trend line started in mid-July.
Recently the pair tested the first important resistance from above 1.24 and dropped to 1.22 after.
The last 3 daily closed candlesticks formed a Morning Start pattern that could indicate a bottom.
A break above the 1.2310-1.2330 zone would confirm a higher low in place and we could expect a new leg up towards the next resistance at around 1.26
I'm bullish as long as 1.22 is intact

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