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GBPUSD stretches to the upside. Buyers making a break for it.
The GBPUSD is stretching to the upside and in the process is taken closer to the high price from April 14 at 1.25462. That high is the highest level going back to June 2022. A break above would increase the bullish bias.Looking at the hourly chart above, a swing area between 1.2495 and 1.2500 had been eyed this week. On Tuesday that price moved above but quickly rotated back to the downside. On Wednesday the price moved above and quickly moved to the downside. In the up-and-down model day yester...
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Posted: Apr 28 2023, 14:50
Author Name: forexlive
Views: 081913