Trend continuation for GBPUSD

5 Haz 2020

In my opinion, I think the market on the GBPUSD will continue its uptrend. This is an uptrend as shown by the trendlines and the crossover of the 2 EMAs. In addition to the uptrend, there is a slanted support line which has been tested 3 times and has seen neither a breakthrough or fake-out. This suggests the support line is respected by the market and will likely not experience a breakthrough. Furthermore, there is a green marubozu and bullish engulfing candlestick pattern which both suggest the market will go up and continue its trend.


Any feedback on this analysis would be greatly appreciated!