Forex Analysis: GBPUSD

Here you can get a closer look at my Forex Analysis for the GBPUSD. Let's look at the Daily-Chart again to get an overview. In the last analysis the support-level (light green) has already been addressed. It is easy to see that the course has tested this level, but could not break down. As we zoom in on the chart, we see a rising daily candle, which can all surpass and close the past three days. This is the candle of 31.05.2017. It was already a sign for me, that many buyers will push the price up.

Let's take a look at the 1h-Chart of the GBPUSD. Here we get a better insight into what happened after touching the level. Here I have marked two more lines (dark green), which should show that the course only ran sideways for the last hours. But I reckon with an up-move from this range and a test of the 1.3 level. In a few days we will be wiser.