GBP/USD:BUY After GBP Mom Release News For A LONG Setup

Lång

Brittiska pund/Amerikanska dollar (FX:GBPUSD)

Uppdaterad

FX:GBPUSD Brittiska pund/Amerikanska dollar

trendanalysis indicator fundamental gbpusd gbp usd pound forex forexsignals signals forextrading fundamental-analysis

The GBP/USD after reaching our previous target price had a pullback again in the support area retesting the 61.8% Fibo from the previous swing low. The value is making Higher-highs and Higher-lows supported by a dynamic trendline. The price cross on the higher side of the RSI and today the economic data about GBP MoM ( GDP measures the value of goods and services produced in the UK. The reading refers to a month-over-month growth rate. ) it's increased and this means the economy is increasing/growing. Our forecast is about a new bullish impulse.

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