GBPUSD: ⬆️ Buy
- GBPUSD broke multi-month resistance level 1.3430
- Likely to rise to resistance level 1.3600
GBPUSD currency pair recently broke above the key multi-month resistance level 1.3430, which stopped the previous sharp daily uptrends in September and April.
The breakout of the resistance level 1.3430 should accelerate the active impulse wave 5 from the start of May.
Given the clear daily uptrend and strongly bearish US dollar sentiment seen today, GBPUSD currency pair can be expected to rise to the next resistance level 1.3600 (the target for the completion of the active impulse wave 5).
