FX.co ★ 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.

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.