FX.co ★ GBP/USD Upside Reversal!

GBP/USD has failed to stay under the downtrend line signaling a potential upwards movement. It has decreased a little in the short term, but it has failed to come back to retest the broken downtrend line signaling strong buyers.

Now the pair is trying to come back above 1.3882 former high. Staying above this level and passing above 1.3900 psychological level could signal further growth.

Trading Conclusion!

Jumping above 1.3900 is seen as a buying opportunity with a potential upside target at 1.3983 high.