GBPUSD BULLISH SIGN, +300 PIPS MOVE
GBPUSD at the moment is facing a strong descending channel; a negative period powered also by the discover of the new COVID 19 variant found in South Africa.
This key point (1.3210) might be the begging of a corrective phase of the bearish channel. A good sign of strength can be given by the break of the bearish trend line and the formation of new higher lows and higher highs. In this case buyers could push the price back at 1.35800 before continuing its down phase.
This key point (1.3210) might be the begging of a corrective phase of the bearish channel. A good sign of strength can be given by the break of the bearish trend line and the formation of new higher lows and higher highs. In this case buyers could push the price back at 1.35800 before continuing its down phase.
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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.