The gradual gain of
GBP has occurred since July 10 for the GBP/USD. This tremendous trend is noted
its gain of 800+ pips and it proved the insecurity for USD as well.
Besides,
there are several news releases have given favor to the GBP. But, remember
GBP/USD is the significant pair and obviously it is shown the monthly zigzag
movement.
By the way, if the point 1.48126 is considered as a great support
then we can surely predict the resistance as 1.57154. And it has attained its
great resistance on August 21. The big picture pattern is clearly notified the
trend to the trader. If, the indicator is right, it is being to start its
downtrend.
Today, the price is focusing to reach its greater resistance once
again. The traders can strongly believe on this resistance and will anticipate
the short to accomplish the near support of 1.55024.
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