GBPUSD and EURUSD have shown true resilience in the last year with a constant uptrend in formation.
There have been multiple bull runs on a frequent basis after it was brutally hit hard and tanked. But as they say
A Set back is a Setup for a come Back. GBPUSD has been constantly creeping up trying to reach the stability levels.
We can see a slight pull back in GBPUSD after hitting the resistance level of 1.3850 Area and down to 1.35 support level.
There's a very much possibility of it reaching 1.44 in the coming quarters after rebounding from the 1.35 support level.
Current scenario predicts that we will see a short term sell of from the area mentioned as it is clearly overbought.
There have been multiple bull runs on a frequent basis after it was brutally hit hard and tanked. But as they say
A Set back is a Setup for a come Back. GBPUSD has been constantly creeping up trying to reach the stability levels.
We can see a slight pull back in GBPUSD after hitting the resistance level of 1.3850 Area and down to 1.35 support level.
There's a very much possibility of it reaching 1.44 in the coming quarters after rebounding from the 1.35 support level.
Current scenario predicts that we will see a short term sell of from the area mentioned as it is clearly overbought.