GBPUSD Sees Upside Momentum Post Downtrend Break, Eyes Resistance Levels
chart by ICM.com
Chartist Trader
6/25/20241 min read
After breaking above the downtrend line, GBP/USD has begun to attract positive sentiment, potentially driving the price higher. Despite high inflation in the UK, the Pound is finding support from buyers. There are resistance levels positioned above the current price. Following the breakout above the uptrend line, a minor pullback is anticipated to retest this trendline, allowing buyers to establish support.
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