GBPUSD is forming a bullish trend within which it is testing key support from the D1 chart at 1.3516. A long squeeze could trigger a continuation of the trendThe dollar is in a downtrend and consolidating below key resistance. Against the backdrop of a weak dollar, the pound is poised to rise.
A long squeeze is forming, and after absorbing liquidity, the price is returning to the range formed within the bullish trend. The price may continue to rise toward 1.365.
Resistance levels: 1.354, 1.359, 1.365
Support levels: 1.3516, 1.3486
A long squeeze and consolidation above the range’s support level could trigger a rise toward the flat resistance at 1.3544. However, a break above 1.3544 could trigger a continuation of the rise toward 1.365–1.37
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
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