GBP STILL STRONG - TREND FOLLOWING
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Bets on the depreciation of USD have increased considerably over the last few months.
In this chart the uptrend of the GBP which has been going on since October is quite evident.
At least up to the threshold of 1.380 no trend inversion seems imminent, also considering the signals of the MACD and Bollinger indicators.
The only risk is a retracement towards 1.347 to test previous resistances and create a new main trendline.
Only a deep descent to $ 1.32 could change future trading predictions.
Bets on the depreciation of USD have increased considerably over the last few months.
In this chart the uptrend of the GBP which has been going on since October is quite evident.
At least up to the threshold of 1.380 no trend inversion seems imminent, also considering the signals of the MACD and Bollinger indicators.
The only risk is a retracement towards 1.347 to test previous resistances and create a new main trendline.
Only a deep descent to $ 1.32 could change future trading predictions.
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