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TheWallPipsJournal

GBPUSD - GBP Bullish on USD Wait on New Catalyst

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
TheWallPipsJournal Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance GBPUSD gbpusdlong gbpusdsignal gbpusdanalysis Forex forexsignals forexsignal forexanalysis
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supportandresistance gbpusd gbpusdlong gbpusdsignal gbpusdanalysis forex forexsignals forexsignal forexanalysis
Hi,

Based on the 15M Chart, there is a strong resistance which has been broken.

The break might be viewed to provide bullish sentiment for the GBP. As I have shared before, the drop of US Treasury Yield could be the cause of USD falling. Furthermore, we just received a good job and earnings report of UK which might boost the bullish sentiment for GBP.

Happy Trading!
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