GBP/USD Trend Analysis

The GBP/USD trend analysis is presented below. This is the chart of the GBP/USD on the W1 time frame. This trend is still new and at the beginning of the cycle and has plenty of upside potential. Traders should set an audible buy alert at 1.4725 on this pair. When the alert hits check The Forex Heatmap® forex heatmap for a confirmation buy signal.

SInce the W1 time frame uptrend is still at the early stages, the upside potential is up to the 1.5150 resistance, or possibly much higher.  The GBP is strong on all pairs right now based on an analysis if the trends by individual currency. Also, there are GBP (British Pound) and USD (US Dollar) news drivers tomorrow morning in the main session, so this trend could continue building tomorrow in the main forex trading session, which is one of the best times to trade the forex market. These trade charts are easy to set up for all 28 pairs and the chart analysis techniques are available at Forexearlywarning.com for any trader.

GBP/USD Trend Analysis

GBP/USD Trend Analysis

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