GBPUSD price has been in a bullish uptrend for a long time now, bouncing off the strong trendline in place.
- Price recently broke, retested and confirmed continuation in bulls marked at the white support point.
- There is a bullish trendline on the DAILY charts that price has adhered to.
- A small bearish trendline has been broken and retested on all time frames.
There is a key level to keep an eye on, the resistance point price made recently on lower timeframes could be seen as a strong point and could possibly have an effect on price when it reaches this point. Should this happen, the trade will be risk free by this point.
- Price recently broke, retested and confirmed continuation in bulls marked at the white support point.
- There is a bullish trendline on the DAILY charts that price has adhered to.
- A small bearish trendline has been broken and retested on all time frames.
There is a key level to keep an eye on, the resistance point price made recently on lower timeframes could be seen as a strong point and could possibly have an effect on price when it reaches this point. Should this happen, the trade will be risk free by this point.