A resumption in uptrend for GBP/USD is possible now
Overview- GBP/USD is slowly consolidating in the support area now. Therefore,
there is a good chance that the uptrend may resume soon
Analysis - From the chart you can see that bullish candlesticks have formed at the
support level. Price is also clearly above the 100 DMA which means uptrend is still intact. A
possibility in resumption of uptrend towards 1.40 is growing.
Probable trade set-up - Based on this, a buy at 1.3730 with SL below 1.3650 and
TP at 1.40 is a possible buy signal.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
there is a good chance that the uptrend may resume soon
Analysis - From the chart you can see that bullish candlesticks have formed at the
support level. Price is also clearly above the 100 DMA which means uptrend is still intact. A
possibility in resumption of uptrend towards 1.40 is growing.
Probable trade set-up - Based on this, a buy at 1.3730 with SL below 1.3650 and
TP at 1.40 is a possible buy signal.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.