GBPUSD, to Long in the short-medium term
The GBPUSD outlook has formed a descending triangle which signals a bearish trend in general however after a recent consolidation beneath the base of the triangle and the bulls have managed to break through the descending trendline for a potential retest of the EMA-200 resistance on the 4-HR time frame.
The GBPUSD is set to rise to retest the hypotenuse trendline of the descending triangle.
The GBPUSD is set to rise to retest the hypotenuse trendline of the descending triangle.
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