FX.co ★ GBP/USD: sideways movement

GBP/USD Seems Undecided!

The GBP/USD pair is moving in a range between 1.2443 (upside obstacle) and 1.2377 (downside obstacle) levels. It's located at 1.2418 at the time of writing. The rate dropped below the uptrend line but it has failed to stabilise below it, so this could be only a false one.

Technically, as long as the price stays above the uptrend line, the currency pair could resume its growth.

GBP/USD Trading Conclusion!

Staying above the uptrend line and jumping above 1.2443 activates further growth and is seen as a new buying opportunity.