Currency Analyst since 2010

FBS: view on GBP/USD

Many analysts are cautious about pound’s ability to rise much higher. According to FBS, however, the top on the chart will be formed only if GBP/USD breaks down the upward channel ($1.5475). The pair has scope for some further gains (to $1.5675/80), so the specialists favor small longs on the dips to $1.5575. For now sterling has approached resistance at $1.5635 (55-week MA).  

Chart. H4 GBP/USD

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