GBP/USD ForecastWe’re buyers for now

gbp_cfd_1Recently, the British pound bounced off from the immediate trendline and is currently heading to the upperside, as it is right now, we expect nothing but a possible momentum to the upperside. On this chart, we expect nothing but a possible momentum to the upperside. The idea on this chart is to keep looking for buy positions expecting a rally towards 1.25458 and may likely see the price much higher. If the price breaks and closes below the lower trendline, then further momentum much lower is expected.

Trade Recommendations:

We’re buyers for now

We're buyers for now

Origin: FreshForex

 

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