🇬🇧 GBPUSD 🇺🇸 - Consolidation above support. Waiting for grow
GBPUSD could continue to strengthen on trend as the market is increasingly expecting a weaker dollar. The price of the currency pair is forming above the support line after a false breakdown, which could potentially form a continuation of the upward trend
Prerequisites for further growth:
1) Retest of trend support forms consolidation
2) False breakdown of support
3) Price tests local levels from above, which prepares the market for further growth
Prerequisites for further growth:
1) Retest of trend support forms consolidation
2) False breakdown of support
3) Price tests local levels from above, which prepares the market for further growth
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Waiting for a break of 1.277 and 1.279