- GBP/USD's daily chart shows a falling wedge breakout.
- The breakout is backed by bullish readings on key indicators.
GBP/USD jumped 1.85% on Thursday, the biggest single-day gain since March 19.
The daily chart is reporting a falling wedge breakout - a bullish reversal pattern, which indicates the pullback from Sept. 20's high of 1.2582 has ended and the rally from Sept. 3'slow of 1.1958 has resumed.
The 14-day relative strength index has moved back above 50 and the MACD histogram has crossed above the zero line, supporting the bullish case.
|Today last price||1.2436|
|Today Daily Change||-0.0008|
|Today Daily Change %||-0.06|
|Today daily open||1.2444|
|Previous Daily High||1.247|
|Previous Daily Low||1.2204|
|Previous Weekly High||1.2414|
|Previous Weekly Low||1.2205|
|Previous Monthly High||1.2583|
|Previous Monthly Low||1.1958|
|Daily Fibonacci 38.2%||1.2368|
|Daily Fibonacci 61.8%||1.2305|
|Daily Pivot Point S1||1.2275|
|Daily Pivot Point S2||1.2107|
|Daily Pivot Point S3||1.201|
|Daily Pivot Point R1||1.2541|
|Daily Pivot Point R2||1.2638|
|Daily Pivot Point R3||1.2806|
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