GBPUSD analsysis for May 08 , 2023 – Strong upside cycle and buyers in control
May 8, 2023 8:23 am
Technical analysis:
GBP/USD has been trading upside as I expected and there is the breakout of the triangle pattern, which is very strong confirmation for the further growth short-term and mid-term…
Due to the breakout of the triangle pattern and the strong bull cycle, I see potential for the further growth towards upside references.
Upside objectives are set at the price of 1.3000 and 1.3750.
Short-term support is set at the price of 1.2350
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
GBP/USD
has been trading
upside
as I expected and there is the breakout of the triangle pattern,
which is very strong confirmation for the further growth short-term
and mid-term…
Due
to the breakout of the triangle pattern and the strong bull cycle, I
see potential for the further growth towards upside references.
Upside
objectives are set at the price of 1.3000 and 1.3750.
Short-term
support is set at the price of 1.2350
The material has been provided by InstaForex Company – www.instaforex.com
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