• Oct 29, 2024
  • Trade ideas

GBPUSD: Long-term bullish trend

GBPUSD, Daily

GBPUSDDaily.png

In the Daily timeframe, GBPUSD's long-term bullish trend fell back toward the trendline. The price bounced off the support and crossed upwards MA100. Parabolic SAR indicates the beginning of the upside, and DeMarker is out of oversold condition.

  • GBPUSD buy can be considered when consolidating above 1.3000 with a target to 1.3140;
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Author: Egor Schmidt