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FX.co ★ GBP/USD further growth activated

GBP/USD further growth activated

GBP/USD further growth activated

GBP/USD upside breakout

The GBP/USD pair registered a strong growth after failing to stabilize below the downtrend line. You already know from my analysis that only a drop below 1.3511 could announce more declines and could bring new selling opportunities.

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Coming back above the downtrend line and passing above the 1.3610 former high which stands as an upside obstacle signaled further growth.

GBP/USD trading conclusion

The current breakout through the level of 1.3610 indicates an upside continuation and could bring new buying opportunities. Still, after its strong growth, GBP/USD could come back to test and retest the broken obstacle of 1.3610 before resuming its growth towards 1.3700.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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