GBP/USD Analysis: How to look at the Pound and see uptrend [Video]
|At this stage, as intense as it's been, we still view the pullback in 2018 as a correction within a developing uptrend off the 2016 low and will be looking for a higher low to carve out well ahead of 1.1840, for that next big push back to the topside. But For this to play out, the market will ideally need to hold above some meaningful support in the 1.2300s. A weekly close above 1.2760 will take the immediate pressure off the downside.
In this analysis, we take a look at GBPUSD each day, highlighting all of the need to knows for anyone looking to extract up to date information on major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding Sterling (Pounds) or US Dollars, looking for an idea of where they may want to consider making that next conversion.
The GBPUSD update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.
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