SHORT TO LONG - BULLISH TRENDLINE
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The GBPUSD pair trend has been bullish since March.
If we consider the evolution of the December as a possible future forecast, we expect a slight retracement to retest the previous resistance around $ 1.36 before a rebound towards the $ 1.39 level.
For the time being, the dollar does not appear to be able to gain enough strength to reverse the trend, however a drop below $ 1.34 could change the short-term outlook.
The GBPUSD pair trend has been bullish since March.
If we consider the evolution of the December as a possible future forecast, we expect a slight retracement to retest the previous resistance around $ 1.36 before a rebound towards the $ 1.39 level.
For the time being, the dollar does not appear to be able to gain enough strength to reverse the trend, however a drop below $ 1.34 could change the short-term outlook.
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