GBPUSD continues its buying strategy
Hello dear traders!
It can be seen on almost every timeframe that GBPUSD is showing significant gains, indicating a very positive bullish outlook.
From the 3-hour chart, GBPUSD is currently receiving strong support around the 1.2500 breakout level being aggressively defended by buyers on the basis of the recent wave of growth at highs. Before that, the structure of the bear market was broken, which could generally determine the medium-term potential.
Speaking of breakouts: GU is currently receiving strong support around the 1.2500 breakout level, with expectations that the price could continue to grow from here and form a trendline.
The technical uptrend could continue, as the nearest potential target on H2 could be the 1.2567 - 1.2700 zone
It can be seen on almost every timeframe that GBPUSD is showing significant gains, indicating a very positive bullish outlook.
From the 3-hour chart, GBPUSD is currently receiving strong support around the 1.2500 breakout level being aggressively defended by buyers on the basis of the recent wave of growth at highs. Before that, the structure of the bear market was broken, which could generally determine the medium-term potential.
Speaking of breakouts: GU is currently receiving strong support around the 1.2500 breakout level, with expectations that the price could continue to grow from here and form a trendline.
The technical uptrend could continue, as the nearest potential target on H2 could be the 1.2567 - 1.2700 zone
Trade active
Trade active
