FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

Right now it’s already clear that gbp/usd has been showing something completely different over the past two weeks from what I expected from it, but the long-term picture, although it has changed, has not been canceled. At the moment, the following continuation of the situation seems possible, when the price intraday will grow further toward the conditional upper boundary of the technical channel, or even to the upper boundary of the level at 1.3484, and there it may get a decline. Now the further development of the situation depends on how much we pull back and whether we can consolidate in the area of the lower boundary at 1.3384.