The present scenario is bullish for gbpusd ... and from last 3 days it raising with out restrictions... presently it is at strong resistance level 1.2920...
But this week there are so many news updates for usd ... presently usd is in the pressure and it will push gbpusd is higher to the resistance level...
the STOCH SMA shows of breaking it in the higher position.. so it looks like GBPUSD will rise more and it will break its resistance level 1.2920...
i will expect gbpusd will settle in the end of the month at 1.3000 level...
Translate to English Show original