GBP/USD Explodes Through Long-Term Resistance

Sterling/Dollar Surges Higher As Bulls Take Control

The GBP/USD exploded higher late last week as bullish momentum took price up and through 1.3265 key resistance with ease. The trend has been up in recent months and given last week’s price action and strong bullish statement we see no reason why that would end any time soon.

As a result, we are continuing on with our recent views on this market of looking to buy it on any pull backs or retraces back to support areas. We can watch the 21-day exponential moving average as well as the previous breakout level at 1.3265 as a strong potential buy level this week should price rotate lower.


Source: Learn To Trade The Market

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