• In the short term, GBP/USD has formed a triangle pattern. The uptrend line serves as dynamic support, while 1.0931 was an upside barrier. Staying above to this static resistance may indicate strong upside pressure
• A temporary retreat or sideways movement was natural following its strong bounce from the lower low of 1.0356.
➥ CONCLUSION: Staying above the uptrend line and retesting the 1.0931 level will validate further growth, with a potential target at the pivot point R1 (1.1260).
Good Luck Traders!
• A temporary retreat or sideways movement was natural following its strong bounce from the lower low of 1.0356.
➥ CONCLUSION: Staying above the uptrend line and retesting the 1.0931 level will validate further growth, with a potential target at the pivot point R1 (1.1260).
Good Luck Traders!