The currency pair has opened with a gap up in the early morning and reached fresh new highs. Has decreased a little, but only to close the gap. It maintains a bullish perspective on the short term because has managed to stay in the green zone. Should increase further as the USDX is expected to drop further if will stabilize under the 92.49 static support.
USDX is now pressuring the 92.49 static support, has dropped as much as 92.33 level, but has squeezed a little in the last few hours.
GBP/USD jumped higher in the morning and touched new highs, technically is expected to climb much higher in the upcoming period after the false breakdown below the upper median line (UML). The next upside target will be at the 1.3046 static resistance.
Should be attracted by the first warning line (wl1) of the ascending pitchfork after the false breakdown below the 250% Fibonacci line (ascending dotted line). Is trading within an ascending channel, so the perspective remains bullish, despite the minor retreat.Only a valid breakdown below the 1.2798 static support will confirm a further drop.
