GBPUSD analysis | 1D timeframe
• As mentioned, Market responded to the positive news. •
• If the price is well supported by the volume, it can break the 200-day and 100-day moving averages and start the uptrend.
• If you have acted according to the said analysis, if the announced points are broken, you have entered the bought position, the +60 pip position is in profit, and in case of volume support, it will continue its upward trend.
• If the price continues to rise, the targets of 1.3820 and 1.3900 will be palpable.
• If the price is well supported by the volume, it can break the 200-day and 100-day moving averages and start the uptrend.
• If you have acted according to the said analysis, if the announced points are broken, you have entered the bought position, the +60 pip position is in profit, and in case of volume support, it will continue its upward trend.
• If the price continues to rise, the targets of 1.3820 and 1.3900 will be palpable.
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