Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
GBP/USD: main trend is still bullish
The main trend is still bullish, but the market is consolidating. However, considering the last 'Pennant' pattern, the pair is likely going to test the next resistance area at 1.4217 - 1.4243.
There's a 'Pennant' pattern, which upper side has been broken. So, there's an open door for a bullish price movement in the direction of the nearest resistance at 1.4199 - 1.4217.
There are many things happening in the UK. What is the strategic outlook for the GBP?
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?