GBPUSD stabilizes price trends, increases sharply?
Dear friends, Generally, the upward trend is the dominant trend for GBPUSD. At the time of writing, the price is fluctuating around 1.218, and it can be seen that the price has been steadily increasing in the past few days mainly due to the stable trend of this currency pair in the short term.
Regarding price prospects, we need to pay attention to two important news: the decision on PMI capacity and the upcoming Fed announcement in the next two days, so be careful with your trades today. This will give us a clear indication of the direction of this currency pair. In the short term, I still believe that the price could decrease to at least the support level I have set at 1.213.
Regarding price prospects, we need to pay attention to two important news: the decision on PMI capacity and the upcoming Fed announcement in the next two days, so be careful with your trades today. This will give us a clear indication of the direction of this currency pair. In the short term, I still believe that the price could decrease to at least the support level I have set at 1.213.
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