FX.co ★ GBP/USD: reversal possible

GBP/USD 1.2268 Key Obstacle!

The currency pair registered a strong growth in the short term and now is located at 1.2243 at the time of writing. Jumping above the downtrend line signaled that the downtrend ended and that the buyers could take it higher.

Now, it is almost to reach the former high of 1.2268. This stands as an upside obstacle, so it remains to see how it reacts.

GBP/USD Trading Conclusion!

Jumping and stabilizing above 1.2268 activates more gains and brings buying opportunities.