GBPUSD has reached the upper boundary of its trend channel. Intraday price action may turn negative as the U.S. session approaches, but the broader direction remains upward, supported by the latest strong UK job numbers.
If GBPUSD faces short-term selling pressure from the upper line, any downward move could present a buying opportunity, unless the trend ends prematurely. The next upward wave could target the 1.36 level.
If GBPUSD faces short-term selling pressure from the upper line, any downward move could present a buying opportunity, unless the trend ends prematurely. The next upward wave could target the 1.36 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.