GBPUSD analsysis for May 10 , 2023 – Potential for the further growth
May 10, 2023 8:22 am
Technical analysis:
GBP/USD has been trading upside and I found rejection of the Fibonacci confluence support at the price of 1.2580, which is good sign for the further upside movement.
Due to the strong upside cycle on the GBP and test-reject of the Fibonacci confluence support in the background, I see potetnial for the further growth.
Upside objective is set at the price of 1.2715
MACD oscillator is showing fresh bull cross, which is another sign for the further upside movement.
Fibonacci confluence support is set at the price of 1.2580
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
GBP/USD
has been trading
upside and I found rejection of the Fibonacci confluence support at
the price of 1.2580, which is good sign for the further upside
movement.
Due
to the strong upside cycle on the GBP and test-reject of the
Fibonacci confluence support in the background, I see potetnial for
the further growth.
Upside
objective is set at the price of 1.2715
MACD
oscillator is showing fresh bull cross, which is another sign for the
further upside movement.
Fibonacci
confluence support is set at the price of 1.2580
The material has been provided by InstaForex Company – www.instaforex.com
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