GBP/USD: The price will grow or a Reversal is coming? Read
Updated
Yesterday the price as predicted had a Bullish impulse after the Bad economic news about the USD. Today there is the Prelim UoM Consumer Sentiment which see actually the forecast bad again for the USD Dollar. The Technical analysis shows the price inside a Bullish channel with all my indicators pushing for Long bias but, the price now it's close to the area of resistance 1.1800 which corresponds to the dynamic trendline, or resistance of the Bullish channel. 127.2% FIBO is the extension where the price can have a pullback, and this last one seems in confluence with all the previous clues I talked about. The RSI is Divergence from the previous swing. Do you think the GBP will continue to grow?
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