I've been bullish GbpUsd since it broke above 1.3 and I said that it can rise towards 1.35
Now the pair is trading at 1.34 or so and we may wonder if it will turn or break above?
Looking at price action in the past days Gbp seems very well bid and I believe a break up would occur for this pair.
Also looking at DXY weakness and the fact that FTSE can break resistance is probable that would be the case for GbpUsd also
Fron the technical point of view 1.3250 zone is support now and dips towards this zone should be bought for a swing trade and this anticipated break
Now the pair is trading at 1.34 or so and we may wonder if it will turn or break above?
Looking at price action in the past days Gbp seems very well bid and I believe a break up would occur for this pair.
Also looking at DXY weakness and the fact that FTSE can break resistance is probable that would be the case for GbpUsd also
Fron the technical point of view 1.3250 zone is support now and dips towards this zone should be bought for a swing trade and this anticipated break
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