GBPUSD - Technical Analysis - Uniglobe Markets

GBPUSD – Technical Analysis

Posted on noviembre 21, 2017 at 09:52 AM

GBPUSD is still in the upside direction to trade at levels above 1.3215, and stability above this level is positive and may be the reason for further bullishness.

The moving average indicator shows us an attempt to rise, and these conditions are supportive of the possibility of a bullish correction. However, the upside correction will depend on the price later to break the 1.3300 level, and any break of this level could be a powerfull uptrend. From the bottom, a break of 1.3166 will be a reason to thwart any attempt to rise.

Trend: Up above 1.3215 targeting 1.3300 as long as 1.3166 is not breakable.

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