GBP/USD Accumulates More Upside Energy!


GBP/USD has been trapped sideways in the short term. The bias is still bullish, the pair could resume its growth after the current sell-off. It could come back down maybe to retest the 1.4093 level and the uptrend line.

It could increase as long as it stays above the uptrend line. Dropping a little could help us to catch a new upwards movement. Also, the rate could indicate further growth if it jumps above 1.4181 former high.

Trading Conclusion!

GBP/USD could start increasing again if it stays above the uptrend line. It could approach and reach it before jumping higher.

The material has been provided by InstaForex Company -