Trading Signals for GBP/USD for July 26-29, 2024: buy above 1.2860 (21 SMA - double bottom)

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Technical analysis



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Technical analysis


Trading Signals for GBP/USD for July 26-29, 2024: buy above 1.2860 (21 SMA - double bottom)


The British pound (GBP/USD) is trading




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26.07.2024 05:09 PM






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26.07.2024 05:09 PM




The British pound (GBP/USD) is trading around 1.2854, bouncing back after forming a double bottom pattern, which means that there could be a technical bounce in the next few days only if the pair consolidates above 1.2860.If the pound breaks the secondary downtrend channel, we could expect an upward acceleration and GBP/USD could reach the 200 EMA located at 1.2902 and even 6/8 Murray located at 1.2963.Our outlook could be positive as we believe that the GBP/USD pair is showing




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