Forex world

December 09, 2022

GBP/USD Forecast by CaPhiLe.Com: Bullish

GBP/USD Forecast by CaPhiLe.Com: Bullish

The Gbp/Usd currency pair is showing a pretty clear bullish signal.

Based on technical analysis, on the 4-hour time frame, an uptrend is present, the pair is on the verge of retesting the resistance at the old high.


On the 1-hour timeframe, the price has broken through the retracement channel line, and is confirming a pretty clear bullish signal.


Based on that big picture, CaPhiLe.Com's view on this currency pair is: Continued bullish.

We will find the right place to enter a BUY order.

Good luck.

Best regards,

CaPhiLe.Com

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