GBP/USD, the Pound is back!

mario urlic forex gbp-usd 02.03.

Third bullish day in a row and the real one today for the Pound lovers. You can see in my analysis how the pair found support and turn the bearish into a bullish momentum, at this ‘broken’ up trend line in the last two days. For now the pair reached 1.4060 and the buyers are trying to push the Pound true the previous resistance from February 26. It looks like they will succeed, but they must go higher until the end of the day. Can they reach the strong resistance at 1.4150/70 in this week? They could and we will see what could happen after that. That’s very important level for furder development here. On the way back, the first serious support could be at 1.3980/1.4000!

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