GBPUSD analsysis for April 19 , 2023 – Upside continuation in the play
April 19, 2023 8:27 am
Technical analysis:
GBP/USD has been trading upside this morning and I found the completion of the ABC downside correction in the background, which is good sign for the further higher prices.
Due to the breakout end of the correction phase and the upside cycle, I see potential for the further bullish movement towards upside references.
Upside objectives set at the price of 1.2530
MACD oscillator is upside reading, which is good sign for the further higher prices….
Support is set at the price of 1.2410
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
GBP/USD has
been
trading
upside this morning and I found the completion
of the ABC downside correction in the background, which is good sign
for the further higher prices.
Due
to the breakout
end
of the correction phase and the upside cycle, I see potential for the
further bullish movement towards upside references.
Upside objectives
set at the price of 1.2530
MACD
oscillator is upside
reading, which is good sign for the further higher prices….
Support
is set at the price of 1.2410
The material has been provided by InstaForex Company – www.instaforex.com
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