GBP/USD uptrend remains intact

GBP/USD: current price is now firmly above its 200 day moving average, multi-week uptrend seems to remain intact with higher tops and higher bottoms on price (Dow pattern), current price is trading near recent weekly highs; focus is on the 1.25 - 1.2670 zone for GBP/USD bulls, while the bears may be aiming for a move towards support around the 1.2049 (20 day moving average) area.

Not investment advice. Past performance is not indicative of future results.