GBP/USD 7th Consecutive Bullish Day

GBP/USD 7th Consecutive Bullish Day

The GBP/USD is on its way to make the 7th consecutive bullish candlestick. At the same time, the price is pushing into the 50-period moving average with the 200-period moving average waiting just a few points higher.

On the 1H timeframe, the STOCHASTIC is exhibiting a higher-low structure and the price is finding support at the 50-period moving average during the recent uptrend. As long as the STOCHASTIC pattern and the 50-period MA are not broken, the likely path is higher.

 

 

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