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GBPUSD: ⬆️ Buy
– GBPUSD broke resistance zone
– Likely to rise to resistance level 1.3550
GBPUSD currency pair recently broke the resistance zone between the resistance level 1.3415 (which stopped the previous impulse wave (1) at the end of October) and the 50% Fibonacci correction of the downward impulse from the end of August.
The breakout of this resistance zone accelerated the active impulse wave (3), which started earlier from the major support level 1.3170.
Given the recent breakout of the aforementioned resistance zone and strongly bearish US dollar sentiment seen today, GBPUSD currency pair can be expected to rise further toward the next resistance level 1.3550 – which stopped wave A in the middle of July and wave 2 in the middle of September.
Source: https://fxpro.news
