GBP/USD: POSSIBLE UPTREND!

Hello Traders!

As you can see from the 1-week chart, MACD line is just crossing the SIGNAL which means a high expectation in seeing a BULLISH TREND. RSI 14 looks optimistic and there’s no sign of overbought condition. Furthermore, if we look at the price chart, we can spot a W pattern. This suggests an UPTREND which could touch the historical resistance and maybe go beyond!

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Please, maintain proper position sizing and risk management!