GBPUSD seems to be resuming its upward trend

2019-11-16 01:07:30

GBPUSD seems to be resuming its previous four weeks move which initially went on consolidation around 1.2976 down to 1.2767. I personally was waiting for the price to go lower around 1.2743 to 1.2633 before looking for a buy order but as we can see, 1.2767 seems to have held the price and It’s looking bullish after breaking 1.2866 .
If the price will keep the upward move, we will pay attention to the level
1.2976
1.3061 to
1.3380 (this level is for a strong sustained price surge)
But we will always expect a little draw back after testing each point.

This analysis is on weekly basis