MBGD

Which direction, GBPUSD ?

FX:GBPUSD   British Pound / U.S. Dollar
According to hourly graphs, at GBPUSD is the same situation as of EURUSD. It has broken the 1.40 resistance, went up to 1.40500, and now back at the strong point. Now we should wait to see if it will go further up high, back to the 1.43 back in April 2018, or it will go (for the moment) back to 1.38500. There are many to be taken into account, not just technical analysis. But a strong confirmation is required first. Trend indication is clearly bullish, but that does not mean a correction will not come.
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