GBP/USD bulls in the driver’s seat on a longterm analysis. The higher volume nodes are located in the 1.3820/30 area. As per prior analysis at the start of the year, GBP/USD Price Analysis: Bulls seeking a 1.3750 daily extension, the pair has indeed forced its way to the target. Prior analysis, monthly & daily charts Live market Low volume nodes point to a continuation The move to the upside could be part of an even deeper move into resistance forecasted in the following analysis from back in December: GBP Price Analysis: A a break of critical 1.3514 exposes low volume nodes to 1.3820 Current 4-hour chart Meanwhile, the price is trapped, as displayed on the above daily chart, between key support and resistance while ascending along the dynamic trend line support. The support is fortified by the 21 moving average and MACD is bullish while above zero which leaves an upside bias. An upside continuation can target a -0.618% Fibonacci retracement level of the latest bullish impulse on the daily chart at 1.3833 as the pair progresses towards higher volume nodes. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Polkadot Price Prediction: DOT poised to rise higher as ecosystem continues to grow rapidly FX Street 1 year GBP/USD bulls in the driver's seat on a longterm analysis. The higher volume nodes are located in the 1.3820/30 area. As per prior analysis at the start of the year, GBP/USD Price Analysis: Bulls seeking a 1.3750 daily extension, the pair has indeed forced its way to the target. Prior analysis, monthly & daily charts Live market Low volume nodes point to a continuation The move to the upside could be part of an even deeper move into resistance forecasted in the following analysis from back in December: GBP Price Analysis: A a break of critical 1.3514 exposes low volume nodes to 1.3820… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
