GBPUSD: Will it still increase strongly?
Updated
Hello everyone, here will be some assessments on the long-term trend for the GBPUSD currency pair!
First of all, talking about the short term, last week, GBPUSD continuously received victories as the price still increased despite not having too big breakthroughs. The currency pair is still supported as the USD still has difficulty recovering.
Regarding the long-term trend, this pair is facing resistance at 1,279, but the uptrend is still supported with positive signals from the two EMAs 34 and 89. With market sentiment being high, the Fed will reduce Interest rates in the near future are the main driving force for this currency pair to continue to increase.
Karina set a goal for herself at the peak of 1,300, what about you? Do you want GBPUSD to increase or decrease in price?
First of all, talking about the short term, last week, GBPUSD continuously received victories as the price still increased despite not having too big breakthroughs. The currency pair is still supported as the USD still has difficulty recovering.
Regarding the long-term trend, this pair is facing resistance at 1,279, but the uptrend is still supported with positive signals from the two EMAs 34 and 89. With market sentiment being high, the Fed will reduce Interest rates in the near future are the main driving force for this currency pair to continue to increase.
Karina set a goal for herself at the peak of 1,300, what about you? Do you want GBPUSD to increase or decrease in price?
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