The GBPUSD bearish trend seems to be dead. Despite the Corona Vires Fear spikes, the pair broke the bearish trend line before these spikes that trend line was holding the pair for a long time. The Price Action is also in favor of the break as the prices break the trend line, stopped by a resistance 1.25000, retested the broken trend line and now we are waiting for prices to make a clear closer on the 4-H chart above the 1.25000, which will be our entry signal for a long buy.
N.B: a small bearish correction might occur before the break of the 1.25000.
N.B: a small bearish correction might occur before the break of the 1.25000.