WFFX

GBPUSD Area of interest - Bulls or Bears

FX:GBPUSD   British Pound / U.S. Dollar
We've been in a bullish trend since May this year, we're now coming up to previous highs, an area of interest to see if we get a continued bullish push or a sell off, this will be the fourth touch and the three previous touches had over a 1000 pip drop. I would anticipate a slight sell off as buyers take profit at previous highs.

Fundamentally if we get a clear trade deal in place in relation to Brexit, then the GBP may get the underlying strength it needs to break previous highs.

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