GBPUSD: H2 Timeframe Outlook

GBPUSD, H2

In the H2 timeframe, GBPUSD is on the upside. The 50-MA crosses the 100-MA, suggesting a bullish momentum.

The price breaks above the local trendline and retested it, facing the 1.3580 resistance area, while the MACD shows a bearish divergence, so two options are available:

• If the price consolidates above 1.3580, it will reach 1.3650 ;

• A rebound from resistance will drop GBPUSD back to 1.3500.