GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has surpassed the resistance line. In this situation, the price is expected to rise further to 5/8 (1.2695). The scenario could be cancelled by a breakout of the 3/8 (1.2573) level, which might lead to a trend reversal, pushing the pair to the 2/8 (1.2451) support level.
On M15, the upper line of the VoltyChannel is broken, which indicates a prevailing uptrend and increases the probability of a price rise.
Origin: RoboForex
