theaveragemo

Weekly support reached, possible uptrend?

FX:GBPUSD   British Pound / U.S. Dollar
As the GU reaches the weekly support, a possible uptrend is looming. Should the bears take control and bring the prices below the weekly support, a further downtrend is expected for the week ahead. However should the bulls take control, we should see a nice uptrend providing there is no significant negative news from the Brexit negotiations.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.