GBPUSD CHARTS – Should continue to be well supported [Video]

LMAX Group Research Desk LMAX Group

The market has seen a recovery out from the lowest levels since 2016, with the price now pushing back above the weekly Ichimoku cloud to signal a bullish structural shift. Ultimately, only back below the 1.2500 handle would compromise the newly established constructive medium and longer-term outlook. Next key resistance comes in the form of the monthly high from September 2017 at 1.3658, with setbacks expected to be well supported ahead of 1.2800.

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LMAX Group Research Desk

LMAX Group

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