After a long bearish move,GBP/USD has made a higher high and higher low which indicates the end of downtrend.
It has also formed a 18 degree trendline which signals good strength in the counter.
It is currently hovering around the 50 SMA of 1 hour chart.
The daily pivot is currently placed around 1.32306 and we can expect the buying momentum to pickup once it crosses above the daily pivot.
It has also formed a 18 degree trendline which signals good strength in the counter.
It is currently hovering around the 50 SMA of 1 hour chart.
The daily pivot is currently placed around 1.32306 and we can expect the buying momentum to pickup once it crosses above the daily pivot.