Technical analysis:
GBP/USD has been trading upside and I found breakout of the tight triangle pattern, which is good sign for the further rise.
Due to the strong upside momentum and breakout of the range in the background, I see potential for the further growth towards next upside reference.
Upside objective is set at the price of 1.3000
MACD oscillator is showing fresh new momentum, which is another sign for the upside continuation.
Short-term support is set at the price of 1.2380
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
GBP/USD
has been trading
upside
and
I found breakout of the tight triangle pattern, which is good sign
for the further rise.
Due
to the strong upside momentum and breakout of the range in the
background, I see potential for the further growth towards next
upside reference.
Upside
objective is set at the price of 1.3000
MACD
oscillator is showing fresh new momentum, which is another sign for
the upside continuation.
Short-term
support is set at the price of 1.2380
The material has been provided by InstaForex Company – www.instaforex.com
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