Cabana Capitals Blog Technical Analysis A potential bullish movement on GBPUSD

A potential bullish movement on GBPUSD

A potential bullish movement on GBPUSD post thumbnail image

GBPUSD is heading towards the resistance line of a Rectangle. If this movement continues, the price of GBPUSD could test 1.3051 within the next 23 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Supported by Upward sloping Moving Average

Target: 1.3051 Entry: 1.2924 Stop: 1.2834

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