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GBPUSD LONG

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FX:GBPUSD   Libra Esterlina/Dólar Americano
Possible upward movement of the pair. The price is currently in a trading zone with significant volume, making a stop and maintaining rejections at the bottom of the price. We also see in the direct indicators a change of direction to bullish in the Squeeze Momentum and in the MACD histogram; accompanied by the possible weakness of the strength of the movement shown in the lateral ADX. Also, MACD lines showing a possible buy signal pattern soon. The positive slope of the RSI and the bullish divergences in the indicators could accompany the upward movement. I think I would look for the price to bounce back to the 55 period EMA, fundamental in my strategy for the analysis of possible trend continuations and important upper area of important volume.

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