GBPUSD ANALYSIS
GBPUSD possible Next target 1.15572
The GBPUSD keeps swinging based on BOE intervention in the market, as you see now we have GBPUSD tested its trendline resistance and started falling back, however, it's now at a minor support level and we could see it going up from here
The British Pound rallied more than 0.6% against the US Dollar this week with GBP/USD carving the October opening-range just below a key resistance pivot. The threat of a larger recovery within the broader yearly downtrend remains and the focus is on a breakout of the monthly range for guidance.
GBPUSD possible Next target 1.15572
The GBPUSD keeps swinging based on BOE intervention in the market, as you see now we have GBPUSD tested its trendline resistance and started falling back, however, it's now at a minor support level and we could see it going up from here
The British Pound rallied more than 0.6% against the US Dollar this week with GBP/USD carving the October opening-range just below a key resistance pivot. The threat of a larger recovery within the broader yearly downtrend remains and the focus is on a breakout of the monthly range for guidance.