GbpUsd had a strong recovery last week which led to a break of the descending trend line and suggesting that the correction is over.
A small correction followed after 1.25 local top and the pair looks ready to continue its bull run.
The weekly candle is a bullish engulfing which also suggests up that a bottom is in place at 1.2250.
Dips should be bought and the target for next week can be 1.2650 resistance
A small correction followed after 1.25 local top and the pair looks ready to continue its bull run.
The weekly candle is a bullish engulfing which also suggests up that a bottom is in place at 1.2250.
Dips should be bought and the target for next week can be 1.2650 resistance
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