GBPUSD - Weekly Technical Outlook & Analysis
Intermediate Term Technical Outlook
Chart 1: Daily | Chart 2: Weekly
We have seen strong Upside momentum coming in as Long term buyers were supporting the critical 1.4812 demand zone…Currently we’re seeing a test of the upper trendline on the daily…and with recent price action strongly favoring the long side…I would be expect a high likelyhood of an upside break here with the next level of resistance around the 1.5537 area.
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