GBPUSD - GBP Bullish on USD Wait on New Catalyst
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Hi,
Based on the 15M Chart, there is a strong resistance which has been broken.
The break might be viewed to provide bullish sentiment for the GBP. As I have shared before, the drop of US Treasury Yield could be the cause of USD falling. Furthermore, we just received a good job and earnings report of UK which might boost the bullish sentiment for GBP.
Happy Trading!
Based on the 15M Chart, there is a strong resistance which has been broken.
The break might be viewed to provide bullish sentiment for the GBP. As I have shared before, the drop of US Treasury Yield could be the cause of USD falling. Furthermore, we just received a good job and earnings report of UK which might boost the bullish sentiment for GBP.
Happy Trading!
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