GBP/USD Rising
#trading_idea #GBPUSD 💡
💸Sterling - May Recover towards 1.1287
On the 1-hour chart, it's clear that the pound has confidently bounced off the support level at 1.2816 and is now testing the level at 1.2843 following today's drop, in response to the UK inflation rising to 2.2%. The trend remains bullish. The RSI suggests that the upward movement might continue. Meanwhile, the Dollar Index is falling for the second consecutive day.
🔼We might see rise to 1.2866 resistance level, with a possible further move to 1.2887.
🔽Alternatively, the price may slide back to 1.2816 support.
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😎 Hit "👍" if you believe the price will rise and "👎" if you foresee it dropping.
💸Sterling - May Recover towards 1.1287
On the 1-hour chart, it's clear that the pound has confidently bounced off the support level at 1.2816 and is now testing the level at 1.2843 following today's drop, in response to the UK inflation rising to 2.2%. The trend remains bullish. The RSI suggests that the upward movement might continue. Meanwhile, the Dollar Index is falling for the second consecutive day.
🔼We might see rise to 1.2866 resistance level, with a possible further move to 1.2887.
🔽Alternatively, the price may slide back to 1.2816 support.
➡️GET $20,000 JUST FOR $99
😎 Hit "👍" if you believe the price will rise and "👎" if you foresee it dropping.
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