GBP/USD forecast - page 73
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Although the pair bounced off from 1.3940 and formed a shooting star candlestick on the four-hour time-frame at that level the pair is still quite bullish. A breakout above 1.3940 could indeed lead to a further move to the upside towards 1.4000.
we re playing with the trends
From weekly chart we can see strong bullish trend for this week, ichimoku cloud system all pointing strong bullish trend.
https://www.mql5.com/en/charts/8188591/gbpusd-w1-ig-group-limited-ichimoku-weekly
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The pair has formed a double top at 1.3945 so despite the bullish trend there might be a new move to the downside.
Sterling is seeing massive appreciation!
With US government shutdown and French President Emmanuel Macron suggested the UK might get the special solution put Pounds bullish trend remains intact. 1.3900 act as a crucial resistance level, break above would clear the way to the upside.
GBP/USD reached at 1.3839 ; Event risk ramps Up from US GDP to ECB rate decision. The U.S. Dollar continued its descent by setting three-year low to kick off this week.
GBP/USD is testing the resistance at 1.3960 and it will likely break out above that level. If it does it will probably reach 1.4000 or even higher than that.