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T3-Consultancy

GBPUSD H1: Bullish outlook seen, further upside above 1.2820

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Brittiska pund/Amerikanska dollar (PEPPERSTONE:GBPUSD)  
T3-Consultancy  
PEPPERSTONE:GBPUSD   Brittiska pund/Amerikanska dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index GBPUSD gbpusdlong gbpusdbullish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usdollar gbpusd gbpusdlong gbpusdbullish forex forexsignals forextrading
Price was range-bound between 1.2700 and 1.2750 but has recently broken out consolidation. Price is now hovering above a key support zone at 1.2720, which nears the 61.8% Fibonacci retracement, on H1 timeframe. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 1.2820, which coincides with the 161.8% Fibonacci extension. Price is above ichimoku cloud, supporting our bullish bias.
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