GBPUSD ! Consolidation in the long zone. What next?🤓

4 Ağu 2022

GBPUSD continues to consolidate towards the strengthening of the national currency. The price breaks upwards at 1.21615 and makes a false-break on the pullback, after which it forms a consolidation above the level in the long zone.

On the chart, I have marked a local uptrend channel, which might be a hint of a change in the global trend. It can be seen that the price on the pullback has tested the boundary of the past trend and continues to be above this zone.

I expect fixation of the price above the level 1.21615 and further growth in the local trend towards the liquidity zone. The short-term target is the resistance level 1.2331.

Regards R.Linda!