GBP/USD reversed from support zone

GBP/USD reversed from support zone

  • GBP/USD reversed from support zone
  • Next buy target - 1.3430

GBP/USD recently reversed up from the support zone lying between the long-term support level 1.3100 (which has been reversing the price from last October, as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous minor impulse wave 3. GBP/USD is expected to rise further toward the next buy target at the next resistance level 1.3430 (top of the previous wave (2)).

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