FX.co ★ dusty24 | GBP/USD

GBP/USD Summarizing the week for the currency pair GBP/USD, it should be noted that we are seeing quite an active growth of the pair's quotes starting from April 5th of the current year. During the rise from the level of 1.2700, the pair has repeatedly changed the trading range to the upper one, judging within the framework of applying the Murray indicator. As a result, even within the current trading range, bulls on Friday managed to break through the upper regression channel of Murray 5/8 at the level of 1.3489 and almost reached the next reversal level of Murray 6/8 in the middle of the 35th figure. This already indicates the intention of the bulls to move significantly higher, therefore, in the context of medium-term trading, corrections can be used for additional purchases of the British pound, especially since it has its own drivers for strengthening and also takes advantage of the weakness of the US dollar. The nearest perspective is that on Monday the price of GBP/USD may still test the strength of the Murray reversal level 6/8 - 1.3550, from where a correction can be expected up to the level of the upper boundary of the regression channel 5/8 - 1.3489, and then from there the pair should accelerate again in growth towards the long-term target at the round level of 1.4000.