The daily chart of GBP/USD indicates that the pair is currently in downtrend.
There was a steep fall in the counter but lately selling momentum has subsided and bulls have started come back in the counter.
It is indicated by the formation of bullish outside bar candlestick formation.
As per our analysis, we expect the pair to be bullish and head towards the resistance level of 1.34429.
There was a steep fall in the counter but lately selling momentum has subsided and bulls have started come back in the counter.
It is indicated by the formation of bullish outside bar candlestick formation.
As per our analysis, we expect the pair to be bullish and head towards the resistance level of 1.34429.