GBPUSD - Support, Trendline & 50MA --> HIGHER HIGHS!
Hi Traders!
The market is in an uptrend.
It moved up slowly until the Resistance at 1.29900.
Then it made a Retracement-Move.
After that, the market shooted up with high Momentum.
Now the market makes another Retracement Move.
It seems like it'll retest the break of Resistance.
The Support AND the Trendline AND the 50MA are giving support to the market.
We recommend to buy the market after a confiramtion!
Thanks and good luck :)!
The market is in an uptrend.
It moved up slowly until the Resistance at 1.29900.
Then it made a Retracement-Move.
After that, the market shooted up with high Momentum.
Now the market makes another Retracement Move.
It seems like it'll retest the break of Resistance.
The Support AND the Trendline AND the 50MA are giving support to the market.
We recommend to buy the market after a confiramtion!
Thanks and good luck :)!
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