🇬🇧 GBPUSD 🇺🇸 - Consolidation above support. Waiting for grow

GBPUSD could continue to strengthen on trend as the market is increasingly expecting a weaker dollar. The price of the currency pair is forming above the support line after a false breakdown, which could potentially form a continuation of the upward trend

Prerequisites for further growth:

1) Retest of trend support forms consolidation
2) False breakdown of support
3) Price tests local levels from above, which prepares the market for further growth

Yorum:

Bounce off support
Waiting for a break of 1.277 and 1.279